Job market weakens in June
LONDON (Reuters) - The number of people placed in permanent jobs fell again in June while vacancies for full-time staff dropped for the first time in five years, a report showed on Monday.
The REC/KPMG report on jobs' permanent placements index fell to 48.2 from 48.6. That was the sharpest decline in over five years.
Placements for temporary staff rose but at a slower pace.
The permanent vacancies index fell to 48.4 in June from 50.2. That was the first drop in vacancies in five years.
"This really is a sobering set of figures proving the credit crunch has finally taken its toll and is now severely weakening the UK jobs market," said Alan Nolan, director at KPMG.
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