Vacancies and lay-offs deal double blow to jobs market

A FALL in vacancies and a growth in jobseekers due to more redundancies has led to a further decline in the jobs market, a leading survey has indicated.

- By Mauricio Alencar

Some optimism from Neil Carberry

Official data this week showed a jump in the unemployment rate from 4.8% to 5%, which is worrying news for both businesses and workers.

Now fresh survey results have pointed to a further contraction in the jobs market at the start of the third quarter.

Analysis conducted by KPMG and the Recruitment and Employment Confederation of leading S&P Global research has suggested that vacancies fell sharply over October.