UK employment market shows ‘rays of light’ for jobseekers with upturn in pay, study shows – business live
Temporary vacancies rise for first time in two years, permanent job placements stabilise and temporary billings rise furtherRob Wood, chief economist at Pantheon Macroeconomics, said rising employment and wage gains suggest the Bank of Engand’s monetary policy committee needs to be cautious.There may be an element of a “Burnham Bounce” in the survey, as the drop in temporary hiring and rise in permanent in July—usually a sign of falling uncertainty—sits oddly with the resumption of hostilities in the Middle East…
Source: www.theguardian.com