UK employment companies say that the most difficult conditions in the job market since Covid

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The recruits have reported the most difficult conditions in the British job market since the Covid-19s, with no sign that employers are preparing confidence in employing a budget to increase taxes in Rachel Reeves in October.

A monthly survey conducted by KPMG and the Confederation of Employment and Employment, published on Monday, indicates the most common weakness in demand for employees since August 2020, with the vacancy index decreased in the survey from 42.9 in December to 41.6 in January.

Any reading less than 50 means that the share of recruits who weaken in the market exceeds the share of reports that improve the conditions.

The agencies also put a fewer people in permanent and temporary functions last month, as the temporary billing index decreased sharply from 46.3 to 41.5, the lowest level since June 2020.

The CEO of REC Carberi said that this was the weaker than the usual post -Christmas slowdown in the TEMP market, as many companies kept investment plans to wait until the economy was captured.

Carberi said that the decision of the Bank of England last week to reduce interest rates by 0.25 degrees Celsius to 4.5 percent will help, as well as push the government to enhance economic growth.

But he added: “Autumn of financial depression, it is difficult to move in the coming of the upcoming taxes and. A new approach to employment rights all work as brakes for progress.”

The KPMG/ReC report is the latest in a series of investigative studies that indicate that employers have become more frequent in new employees since the advisor in October determined an increase of 25 billion pounds in the national insurance contributions to the employer.

Reeves defended politics, as well as an increase in the national living wages, both of which are scheduled to enter into force in April. But business leaders have warned that the increase in costs, which come above weak growth and increasing commercial tensions, will lead to discounts in the number of employees. “

Economic intelligence affected the Sir Kerr Starmer, and Prime Minister Angela Rainer said on Sunday that she “could fully understand the frustration of people.”

“We have been elected to delegate change,” she told the BBC. “People want to see him immediately. But its operation will take more than seven months.

Care was completely open to the desire to do his best to the country. He will not do what he thinks is common. He wants to transfer. Nobody is a worse critic than Kiir than Care. “

So far, the slowdown in employment may not be matched with large -scale business losses for existing employees, although the image has been ambiguous due to the lack of reliable official data in the labor market.

The numbers based on tax records indicate that the number of employees who have been classified in salaries has decreased slightly since last summer. Meanwhile, there was no great receipt in the repetitions offered by adult employers, according to numbers in late January.

Upon announcing the reduction in interest rates last week, the Monetary Policy Committee said that it had ruled that the labor market is in a balance, with the unemployment rate on a large scale during the recent benefits.

This represents a return to natural, in the wake of what the Bank of England described the “exceptionally distress” market since the epidemic, as many employers have struggled to fill the jobs. The Central Bank said that despite the clear weakness in GDP growth, companies still have little backup.

However, the boycotters saw prices risk that employers would reduce the number of employees more severely in response to higher taxes-especially in the sectors where many employees were paid at minimal wages, making it impossible to compensate for an increase of NIC by pressing wages.

The KPMG/ReC survey showed that recruits were reporting a widespread decrease in vacancies in all sectors, including low -wage areas such as hospitality, which until recently was a lack of employee.

They also reported much lower health care roles, following the failure of the agency’s workers’ use by NHS boxes. However, the greatest fall in vacancies was in high wage professional areas and in the technology sector, which suffers from a long -term decrease.

The recruits have seen more candidates looking for work even with drying jobs, which reduces wage pressure.

However, the KPMG/ReC survey indicated a growth in the weakest wages than other measures for several months, indicating that employers are not ready to pay a great allowance to secure a new rental, but they are still facing demands from the current employees to restore the lost land during the cost of a crisis Living.