“Marked Slowdown” in Britain s Jobs Market: KPMG

imageAccording to Bernard Brown, head of business services at the global accounting firm KPMG, a recent survey conducted by the Recruitment and Employment Confederation and KPMG has shown that the British jobs market is experiencing a “marked slowdown”.

The survey found that private sector job creation has slowed at a time when the government was hoping that companies would be able to boost the job market.

The survey showed that the labour market has suffered the slowest growth in permanent and temporary staff appointments in seven months.

According to Kevin Green, Recruitment and Employment Confederation Chief Executive, “Private sector job creation has not hit the buffers, but it is clearly slowing which heightens concerns over whether public sector job losses can be absorbed”.

These concerns also add to worries over the strength of Britain’s shaky economic recovery as the government has embarked on a round of deep public spending cuts and tax rises in order to reign in the budget deficit, which peaked at around
11% of output in 2009-2010.

“We’ll need to see whether this is a trend or a blip. Employers across all sectors are becoming more cautious about hiring staff”, said Brown. “With businesses and consumers now being hit by higher taxes and fuel costs, public spending cuts and a continuing squeeze on real incomes – this is perhaps no surprise”.

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