India, July 14 -- UK companies reduced their hiring activity further in June amid uncertainty over the business outlook and budget constraints, monthly data from S&P Global revealed Tuesday.
Permanent staff appointments declined at the fastest pace in nearly two years in June and temp billings dropped the most since February, the KPMG/REC Report on Jobs said. Companies pulled back on hiring due to reduced confidence and worries about costs.
Meanwhile, the availability of staff increased amid reports of redundancies and weaker demand for workers. The supply of permanent labor grew at a slightly faster rate than that seen for temporary candidates, in each case the rate of growth was the sharpest registered since November 2020.
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