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Gloucestershire Business News

Private sector recruitment falls again

Recruitment in the private sector is down for the tenth consecutive month.

New data from accountancy firm BDO, which tracks the UK job market, said its employment index hit its lowest level in more than a decade in April, as reported by This is Money.

This is despite figures last week showing the recession of 2023 is over. 

Recruitment is expected to start recovering by September, if the Bank of England goes ahead with forecasted interest rate cuts.

Last month, recruitment firms Hays and Robert Walters both cut jobs, due to a big fall in income from permanent and temporary recruitment, with Hays seeing a 16% drop in fees.

The most recent figures from the Office for National Statistics (ONS), published last month, show the unemployment rate rose to 4.2% between December and February - its highest level for six months.

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