UK Permanent Hiring Picks up in October

British companies hired permanent staff at the fastest pace in eight months in October as the country’s labour market kept on growing despite the decision in June by voters to leave the European Union, a survey showed on Tuesday.

The Recruitment and Employment Confederation (REC) also said pay for permanent hires rose at the fastest pace in five months in October. Placements and pay for temporary staff also picked up although at a slower pace, it said.

“Despite ongoing uncertainty the UK jobs market is thriving again in most areas of the UK,” REC Chief Executive Kevin Green said in a statement. “This is a great place to be but there are real threats coming over the hill.”

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.