⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

British Employers Hesitant to Hire Permanent Staff Over Political, Brexit Uncertainties

British Employers Hesitant to Hire Permanent Staff Over Political, Brexit Uncertainties

Posted Friday, December 6, 2019 by
Arslan Butt • 1 min read

UK’s labour market continues to remain under strain with overall vacancies among British businesses growing at the slowest pace in over 10 years during November. REC’s index measuring demand for staff among British employers declined to 51.4 in November from 51.6 in October, but remained above the 50-threashold marking expansion.

Political uncertainties driven by the upcoming general elections and uncertainties surrounding Brexit are driving down the demand for permanent staff even as temporary billings registered only a slight uptick in November. Most businesses are either cancelling or delaying their hiring plans until some clarity emerges on how Brexit will pan out.

According to REC’s report, permanent job placements declined for the ninth consecutive month during November, in line with official employment figures published by the government. Meanwhile, starting salaries for permanent staff increased at the slowest pace in nearly three years during the period.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments