Job market weakens in June

Mon Jul 7, 2008 1:26pm BST
 
Email | Print | | Single Page
[-] Text [+]

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.

 
Billionaire investor Warren Buffett laughs as he appears with Microsoft Corporation founder Bill Gates for a town hall style meeting with business students broadcast by financial television network CNBC at Columbia University in New York, November 12, 2009. REUTERS/Mike Segar
Buffett says the panic is over

Warren Buffett, perhaps the world's most admired investor, says the financial panic that gripped the globe last year is a thing of the past.  Full Article 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos