Brexit causing firms to hold back on hiring workers
Multiple signs of strain are appearing in the UK jobs market, which had been one of few areas of strength.
KPMG found that growth of demand for staff softened in September, with overall vacancies rising at the weakest rate since January 2012.
A survey found that permanent staff appointments fell for the seventh month in a row, while temp billings rose only modestly
Shares in recruitment firms PageGroup and Robert Walters dropped sharply this morning after they pointed to Brexit worries and a global economic slowdown.
PageGroup shares fell as much as 15 per cent after a warning over annual earnings amid “heightened political and macro-economic challenges”.
Robert Walters shares were 7 per cent lower after it issued a warning on annual pre-tax profits