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.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.