India, April 11 -- UK recruiters reported the steepest rise in permanent and temporary labor supply in more than four years in March, while job placements declined notably due to weaker economic confidence and tighter client budgets, a report compiled by S&P Global showed on Friday.
The availability of staff increased at the fastest pace since December 2020, the KPMG/REC Report on Jobs survey revealed. The increase in availability largely reflects redundancies and fewer job openings.
Meanwhile, vacancies continued to decline for the seventeenth consecutive month in March. Nonetheless, the pace of decline was the softest since last October.
There was another reduction in hiring activity in March. Economic uncertainty, tighter recruitment ...