UK employers fear Brexit hit to economy, but plan more hiring – REC Survey

Dhwani Mehta FXStreet

According to the latest survey conducted by the Recruitment and Employment Confederation (REC), the UK labor market showed a surprising strength even though the British employers are concerns about the looming economic prospects amid Brexit uncertainty.

Neil Carberry, the REC’s Chief Executive, noted: “The more positive figures on hiring for temporary workers suggest that many businesses are turning to agency work to help them navigate the unpredictability they currently face.”

“This might be driven by waiting to see whether permanent hiring is justified, or by using additional labor to meet demand rather than making big capital investments.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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