Decline in British job placements eases in August as hiring steps up
ReutersLONDON -- The decline in permanent job placements in Britain slowed in August and companies stepped up the hiring of temporary workers, a survey showed on Monday.
September 11, 2012, 12:03 am TWN
British businesses have continued to create jobs over the past year, although the economy has been officially in recession, and unemployment has inched lower.
The indicator for permanent placements — based on a survey from the Recruitment and Employment Confederation (REC) and consultancy KPMG — rose to 48.4 from 47.3 in July, with a reading below 50 still pointing to a decline in placements.
But recruitment agencies reported the first rise in temporary and contract employment in nine months, the REC said.