Yesterday the UK Jobs report from S&P Global revealed employers have an uncertain outlook for 2023 which could add strain to the hiring market as employers continue to tread carefully.
Commenting on the results which disclosed a decline in permanent placements and a softer rise in vacancies, Claire Warnes of KPMG UK said, “Employers who hold their nerve and continue to invest in skills in particular are likely to benefit most when the economic upturn comes.”
In its half-yearly checks, financial institution the World Bank warned that fresh setbacks to the global economy – including high inflation, high energy prices and continued lockdowns in China – could result in a second global recession within three years.
Motorists celebrated yesterday as the average petrol pump price in the UK fell to 150p, the lowest we’ve seen since Russia first invaded Ukraine in February 2022.
Online retailer Amazon announced plans to shutdown three of its UK warehouses which puts 1,200 jobs at risk. The warehouses include those in Doncaster, Gourock and Hemel Hampstead.
The markets remained steady yesterday, with no major data releases across the board affecting market standings.
Yesterday we heard small business optimism in the US declined to 89.9 in December 2022, marking a 6-month low for the index. The National Federation of Business suggests high inflation is fuelling the sentiment.
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