Economic Buzz: UK Jobs Growth Moderates To Four Month Low

UK permanent job placement growth moderated to a four-month low in April, the Report on Jobs published by IHS Markit and the Recruitment & Employment Confederation showed Wednesday. Permanent job placement increased sharply in April but the pace of expansion was the softest seen so far this year. However, the growth of temp billings picked up from Marchs 13-month low. At the same time, candidate availability for both permanent and temporary roles declined further. Growth of overall job vacancies picked up to a three-month high in April. Starting salaries for permanent workers continued to rise sharply in April while the rates of pay for contract/temporary staff rose to the greatest extent for two years.