3rd September 2008
The number of permanent jobs on offer has fallen sharply, claims the latest Report on Jobs survey by professional services provider KPMG.
It is the fifth successive month of decline, and represents the worst individual fall since November 2001, according to research conducted by KPMG and the Recruitment and Employment Confederation (REC).
In addition, positions for temps fell at the fastest pace in the record's history.
Alan Nolan, director at KPMG, said: "The slide in the UK economy continues to hit the job markets hard, with yet another sharp drop in recruitment.
"UK employers are continuing to control payroll costs through redundancies - and by refusing to take advantage of a growing, but increasingly unused, pool of skilled labour.
"These workers are starting to drift abroad in search of employment, and there is a risk that the UK will be left behind by a skills shortage."
However, REC chief executive Kevin Green pointed out the decline follows a period of unprecedented high demand for staff, and that one benefit for the economy would be muted pay growth, created by the high level of candidates for jobs.
Jobs market continues to slide
It is the fifth successive month of decline, and represents the worst individual fall since November 2001, according to research conducted by KPMG and the Recruitment and Employment Confederation (REC).
In addition, positions for temps fell at the fastest pace in the record's history.
Alan Nolan, director at KPMG, said: "The slide in the UK economy continues to hit the job markets hard, with yet another sharp drop in recruitment.
"UK employers are continuing to control payroll costs through redundancies - and by refusing to take advantage of a growing, but increasingly unused, pool of skilled labour.
"These workers are starting to drift abroad in search of employment, and there is a risk that the UK will be left behind by a skills shortage."
However, REC chief executive Kevin Green pointed out the decline follows a period of unprecedented high demand for staff, and that one benefit for the economy would be muted pay growth, created by the high level of candidates for jobs.
Tags: Employment
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