Hiring of permanent staff via British recruitment firms increased at the fastest pace in four months in October and starting salaries also picked up, according to a survey that pointed to a further recovery in the labour market.
After worries about a new, higher minimum wage prompted a sharp slowdown in hiring in September, policymakers will be heartened by the latest monthly report from the Recruitment and Employment Confederation (REC) and accountants KPMG.
But staff availability continued to decline at a sharp pace and growth of permanent salaries picked up in October after hitting a 20-month low in September.
Britain’s labour market recovery is key to the outlook for the Bank of England as it gauges when to raise interest rates from record low levels.
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