Key facts
- Permanent staff placements rose to 50.9 in September, the highest reading since September 2022.
- Permanent starting salaries increased but at a slower pace than in August.
- Demand for staff contracted at the weakest pace since August 2024.
UK jobs market shows recovery signs in September, survey finds
IN SHORT
Britain's labor market showed signs of recovery in September, with permanent staff placements rising at the fastest pace in four years, according to a survey by KPMG and the Recruitment and Employment Confederation. The report indicated increased hiring and a slower pace of salary growth, offering tentative reassurance to the Bank of England regarding inflation pressures.
Key Numbers
50.9permanent placements index in September
50.5permanent placements index in August
Who's Involved
KPMG
co-authored survey on UK labor market recovery
Recruitment and Employment Confederation
co-authored survey on UK labor market recovery
Jon Holt
KPMG group chief executive
Bank of England
officials monitoring inflation pressure
↳ Why This Matters
The resilience in the UK labor market, particularly the sustained growth in permanent placements and a slower pace of salary increases, provides crucial data for the Bank of England as it assesses inflation risks and considers future interest rate decisions.