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| UK job market weakening rapidly | |
| (about 3 hours later) | |
| The UK job market weakened rapidly in November as permanent placements declined at a record rate, a new survey from Markit Economics suggests. | |
| The drop in permanent and temporary jobs was faster than at any point in the survey's 11-year history. | The drop in permanent and temporary jobs was faster than at any point in the survey's 11-year history. |
| The figures provide evidence of the rapid slowdown in the UK economy and suggest unemployment rates will rise. | The figures provide evidence of the rapid slowdown in the UK economy and suggest unemployment rates will rise. |
| "The UK jobs market is heading downhill at breakneck speed," said Mike Stevens at KPMG, a sponsor of the survey. | "The UK jobs market is heading downhill at breakneck speed," said Mike Stevens at KPMG, a sponsor of the survey. |
| The report also showed record survey falls in permanent salaries and temporary staff pay rates. | The report also showed record survey falls in permanent salaries and temporary staff pay rates. |
| "Employers in almost all sectors have drastically cut recruitment plans and are shedding contract and temporary staff as fast as they can," Mr Stevens added. | "Employers in almost all sectors have drastically cut recruitment plans and are shedding contract and temporary staff as fast as they can," Mr Stevens added. |
| Permanent placements declined for an eighth consecutive month in November, with the rate of contraction accelerating to a new survey record. | Permanent placements declined for an eighth consecutive month in November, with the rate of contraction accelerating to a new survey record. |
| Temporary and contract staff billings also fell by record levels, as did demand for permanent and temporary staff. | Temporary and contract staff billings also fell by record levels, as did demand for permanent and temporary staff. |
| The only sector to avoid the downturn was nursing and medical care. | The only sector to avoid the downturn was nursing and medical care. |
| Unsurprisingly, record rises in staff availability were also recorded. | Unsurprisingly, record rises in staff availability were also recorded. |
| The monthly survey, sponsored by the Recruitment and Employment Federation and accountancy firm KPMG, features original data collected by Markit Economics from 400 UK recruitment and employment consultancies. | The monthly survey, sponsored by the Recruitment and Employment Federation and accountancy firm KPMG, features original data collected by Markit Economics from 400 UK recruitment and employment consultancies. |