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KPMG – UK Jobs Report October

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KPMG – UK Jobs Report October

November 12, 2024

Demand for workers deteriorates at strongest rates since summer of 2020
Oversupply of staff cools pay growth.
Recruiters in the South of England reported a decline in new permanent hires in October, extending the current run of contraction to 19 months. The pace of reduction accelerated and was significant overall.
The downturn was linked to a cooling economic environment and rising uncertainty due to the recent Budget.

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