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News - 13 June 2012
Cautious employers are hiring conservatively
A KPMG report for the Recruitment and Employment Confederation (REC) derived from 400 UK recruitment and employment consultancies suggests that employers are continuing to hire staff but very cautiously and the rate of new employment is weakening.
The month of May showed a modest rise in permanent placements but the medium-term trend would appear to be slowing.
The report blames the global economic backdrop and the Eurozone crisis suggesting that the return to recession in the UK has especially spooked smaller companies.
One bright spot [if it can be called that!] is that banks are hiring thousands of temporary workers to deal with the fallout from the mis-selling of Payment Protection Insurance (PPI).
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