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P ECONOMIC RECOVERY
Page 49
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UK jobs market may have 'overcome the worst', says KPMG
THE KMPGIRECRUITMENT and Employment Confederation (REC) survey for May has showed stabilisation in the jobs market.
Mike Stevens, head of business services at KPMG, says that while the country may still be entrenched in a recession: "There is now some reason to hope that the UK jobs market has overcome the worst, at least for this phase of the recession. For the third successive month we have seen a slowing in the rate of decline in both temporary and permanent staff appointments. Demand for staff is still falling, but is much slower than at the beginning of the year; and many employers seem to be holding off shedding staff and contemplating recruitment."
Permanent placements have been affected less than in the previous 10 months, while the demand for temporary workers has declined only slightly. However, the steepest rate of decline in jobs was still for blue-collar workers the KPMG category into which most drivers and distribution workers would fit.