UK labour market momentum slowing – starting salaries rose at the weakest pace in >2 years | Forexlive

Reuters with the info via a survey of labour force recruiters in the UK. The Recruitment and Employment Confederation (REC):

• starting salaries for permanent staff
  rose at the weakest pace in over two years (although it acknowledges is still at a historically high pace overall)
• the
  number of permanent staff placements dropped last month at the
  sharpest rate since January 2021
• its gauge of demand for
  staff fell to a five-month low

Remarks from the report:

• “The jobs market remains subdued, with the latest survey
  results showing dampened hiring activity amid ongoing economic
  concerns,”

Bank of England rate hikes are weighing, of course.