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.”


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam