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The number of UK candidates for jobs has increased amid a reduction in firms hiring staff, new research suggests. A survey of 400 recruiters found a ‘marked drop’ in demand for staff last month and reports of redundancies that drove the increase in candidate numbers for permanent and temporary positions. The shift in demand and supply for workers placed downward pressure on pay, with both permanent salaries and temp pay rates up only marginally, said the Recruitment & Employment Confederation. Neil Carberry, REC chief executive, said: ‘Recruiters have been reporting a trend towards stabilisation in the permanent job market since the summer, and today’s data back that up for September. ‘The temporary market remains somewhat healthier, with growth in some regions. We can hope that the jobs market and the economy may be moving towards calmer waters, but falling vacancies is a reminder that what is really needed is a shot of confidence in the wider economy to get things going. ‘Pay trends remain subdued where pay is set by the market rather than the government. This suggests that pay growth should not be a drag on the Bank of England’s upcoming interest rate decision. ‘The economic picture is still challenging for employers, with pressures beyond their control. A genuinely pro-business, pro-growth autumn Budget next month could provide much-needed relief, by avoiding unaffordable tax rises on business, committing to real practicality on the Employment Rights Bill, supporting flexible work and reforming public sector hiring.’ Jon Holt, group chief executive at KPMG, said: ‘With very little positive news out there on the economy in recent months, and lots of speculation about the Budget, it is understandable that employers are cautious with their hiring.’ source: PA Copyright 2025 Alliance News Ltd. All Rights Reserved.
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