Financial Times FT.com

Fastest decline in job vacancies for 7 years

By Andrew Taylor, Employment Correspondent

Published: September 3 2008 03:36 | Last updated: September 3 2008 03:36

Demand for staff last month fell at the fastest rate for almost seven years as the outlook for jobs continued to falter, according to a survey of recruitment companies.

The study by the Recruitment and Employment Confederation (REC) and consultant KPMG reported that appointments of permanent staff had fallen at the fastest rate since November 2001. Billings for temporary staff had fallen for the first time since May 2003.

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