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More people are going for fewer jobs as redundancies rise, survey suggests

Business Jun 5, 2023 at 13:25

More people are going for fewer jobs as redundancies rise, survey suggests

Permanent job opportunities exist in the healthcare, financial and accounting sectors and in the hotel and catering industries for temp staff, a survey of 400 employment firms suggested.

The UK jobs market had more candidates going for fewer jobs last month with wages increasing more slowly than before, according to a closely watched survey.

May had the highest number of jobseekers in two and a half years as more people were made redundant and hiring slowed, a survey of 400 UK recruitment and employment consultancies from KPMG and the Recruitment and Employment Confederation said.

At the same time the number of jobs for candidates to fill fell for the third month in a row.

Wages still increased just at a slower pace than before as the cost of living  and continuing shortages of skilled workers drove prices up.

Salaries had risen as competition for workers heated up, albeit at a lower rate than inflation.