UK companies' demand for staff tacked on at the slowest pace since 2012 in April, as follows from Thursday’s poll, which dropped a hint that the labor market might be weakening.
As a matter of fact, the monthly index of staff demand provided by the Recruitment and Employment Confederation as well as accountants KPMG headed south to 53.6 from March’s outcome of 55.5 that happens to be its lowest reading since August 2012.
The poll also revealed slower pay surge, something the Bank of England told the previous week it had recently observed signs of.
As for starting salaries for new permanent staff, they headed north by by the smallest amount for two years, although pay surge for temporary employees improved a bit.
In the United Kingdom, business confidence inched down in the run-up to the original Brexit date of March 29, while surge in much of the rest of the world has gone down.
In addition to this, job creation tacked on ahead for the three months to February, thus suppressing the unemployment rate and bringing it to its lowest value since 1975 - 3.9%.
While the previous week, the Bank of England forecast the unemployment rate would head south a bit further, but as follows from Thursday's REC survey, the labor market is already speeding down.
The given report displays how the British jobs market has increased, with both employers and job seekers waiting to see which direction Brexit is going to take in the near future, as some analysts pointed out.
Other business polls have also indicated decreasing hiring intentions among UK businesses.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Jackson Hole, ten PMI releases, and the BRICS summit. This week will be full of market movements, and we will be there to trade them. Get ready, and let’s roll!
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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