UK employers fear Brexit hit to economy, but plan more hiring - REC
British employers are their most worried about the economy since the 2016 Brexit referendum, but they also plan to hire extra staff, according to a survey that showed the surprising strength of the jobs market, APAreports citing Reuters.
More firms were downbeat about the outlook for jobs and investment than were optimistic for only the second time since the Recruitment and Employment Confederation began its surveys in June 2016, the month of the referendum.
But in the short term, companies planned to increase their headcount, especially for temporary workers, possibly reflecting their reluctance to make longer-term commitments to investment.
“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,” Neil Carberry, the REC’s chief executive, said.
“This might be driven by waiting to see whether permanent hiring is justified, or by using additional labour to meet demand rather than making big capital investments.”
Britain’s economy slowed in the run-up to the original Brexit date of March 29, and as growth in much of the rest of the world has also weakened. But job creation has roared ahead, pushing the unemployment rate down to its lowest since 1975.
The REC survey of 600 employers took place between Jan 2 and March 22.
The deadline for Britain’s departure from the EU has been delayed until Oct. 31.
NTRC: 102 FM frequency owned by state, not under anybody’s ownership, never been proposed for sale
Vusala Mahirgizi: “APA Media Group hasn’t submitted any appeal regarding a radio frequency”
Vusala Mahirgizi: “An appeal has been addressed to law enforcement bodies in regard to persons abusing the title of APA news agency”
Baku hosts annual meeting of the World Association of Press Councils - PHOTO - UPDATED
Azerbaijani President allocated AZN 1 million for State Fund for Support of Mass Media Development - ORDER
Two more Russian passengers of quarantined cruise ship diagnosed with coronavirus
API: Oil reserves of US increase
Price of Azeri Light oil increases again
Oil prices continue to increase
MoD: Armenia violated ceasefire 23 times throughout the day
Azerbaijan's Health Ministry: "Condition in Azerbaijan is stable against coronavirus"
Pilot error seen as possible cause of Magadan plane incident
Putin reveals he informed Medvedev beforehand of government resignation
Novel coronavirus death toll in China reaches 2,118
Two passengers of Diamond Princess cruise ship die after contracting novel coronavirus
Azerbaijan wins 13th license for Tokyo-2020
20 people dead in horrific collision between bus, truck in Southern India
China records drop in new coronavirus cases
Fed staff float plan to end term-repo after April, minutes show
Russia temporarily bans entry of Chinese citizens to country
OPEC+ ministers meeting to be held on March 5-6
Drug lord El Chapo prison video emerges - VIDEO
UAE begins loading fuel rods at country’s first nuclear plant
Key Pentagon official to resign at Trump's request amid Huawei trade spat
8 dead, 5 injured after two shootings in Hanau, Germany - PHOTO - VIDEO - UPDATED
Croatia attorney general steps down for being Freemason
Fed's Kashkari sees Fed on hold for three-six months, flags coronavirus risk
French judges step up Ghosn probe over palace party, Oman dealings
European Parliament calls on EU to invite Russia, US to negotiate Mechanism Replacing INF
Putin had brief meeting with Sberbank CEO — Kremlin
White House denies offering Assange pardon to say Russia had no role in DNC Leaks - UPDATED
Negative balance of trade turnover of Azerbaijan with CIS countries decreases by nearly 3 times
Diaspora Chairman: "Nearly 20 Armenians attacked three Azerbaijanis and one Chechen in Moscow"
Germany's Scholz expects G20 progress on tax rules for tech giants
US rapper Pop Smoke shot dead in apparent robbery
Azerbaijan’s non-oil export increased by 2.3% in January
Iranian Defence Chief says black box of downed Ukrainian jet noticeably damaged
Turkey's Central Bank lowers interest rates 50 bps
Two Iranians die after testing positive for coronavirus - UPDATED
EU plans industrial data push, rules to rein in U.S. tech giants
EU adviser: "No EU trade deal without fair competition guarantees"
Pompeo says prepared to talk to Iran 'anytime', pressure to continue
Ministry: China to tackle misuse of coronavirus funds by local governments
Kremlin: US sanctions against Rossneft subsidiary are illegal
Britain to bar entrance to non-English speaking migrants and low-skilled workers
Quake hits Caspian Sea
President Ilham Aliyev visited monument to great Azerbaijani poet and thinker Nizami Ganjavi in Rome
FSB detains seven extremist members in Moscow area
President of Uzbekistan visits Turkey
Azerbaijani President embarks on state visit to Italy
Armenian president dismisses two army officials
“ASAN service” Center to be established in Nakhchivan - ORDER
Passengers released from virus-hit cruise ship
Head of the Holocaust History Center: “Anti-Semitism in Azerbaijan could not take root”
Head of Center for the Study of the Holocaust speaks on ways of familiarization the world with Khojaly tragedy
14 years pass since establishment of the Ministry of Emergency Situations: They always come to your aid in any difficult moments - PHOTOSESSION - VIDEO
First Vice-President Mehriban Aliyeva attended opening ceremony of rebuilt Azerbaijan pavilion at Exhibition of Achievements of National Economy in Moscow - UPDATED
Open Doors Day and the military oath-taking ceremony were held on the occasion of the State Flag Day
An exhibition that also presents President Ilham Aliyev's photo opened in Moscow
Azerbaijani President and first lady inaugurated Koroglu Transport Exchange Center of Baku Transport Agency - UPDATED
Azerbaijani MES extinguishes the fire at "Sadarak" Shopping Centre in Baku - PHOTO - VIDEO - UPDATED-2
4.2-magnitude earthquake hits Eastern Turkey
Russia suspends entry of Chinese nationals starting February 20
Head of China’s Wuhan hospital dies of coronavirus
Turkish Youtuber conducted survey on Khojaly Genocide in Armenia - VIDEO