KPMG, REC report | Jobs market shows signs of stabilisation, but hiring confidence remains weak

The UK labour market continued to cool in September, with the latest reporting showing a further slowdown in permanent hiring and pay growth. However, there are tentative signs that the downturn may be easing.

According to the latest UK Report on Jobs, compiled by S&P Global on behalf of KPMG and the Recruitment and Employment Confederation (REC), the recruitment of permanent staff fell again in September, though at the softest rate in a year. The survey of around 400 UK recruitment and employment consultancies found that many employers remain hesitant to hire amid weak economic conditions and cost pressures.