UK shows labour market slowdown with recession concerns rising: Survey

The UK labor market is showing signs of cooling as workers and businesses prepare for a possible recession, a survey found.

The report by the Recruitment & Employment Confederation showed companies are starting to impose hiring freezes because of pessimism about the outlook, and employees are deciding “stay put” rather than apply for other jobs.

As a result, vacancies and the number of people placed in roles both rose at the slowest pace in more than a year and a half.

Candidates remained in short supply, however, and firms needing to fill positions were forced to pay up. The rate of starting-salary inflation