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Full time staff appointments slowing
Wednesday, 09 January 2008
The number of permanent staff appointments rose again last month, although at its slowest rate for four and a half years, according to a new report.
Research from the Recruitment and Employment Confederation and KPMG revealed that the effects of the credit crunch seem to be taking their toll on the job market as wage increases also slowed down last month, which could be bad news for those looking for graduate jobs.
Alan Nolan, director at KPMG, said: "As the full impact of the credit crunch on the economy is still uncertain, businesses are becoming more cautious. Thus, the growth in both permanent placements and temporary demand for staff continued to slow last month."
He added that there is even speculation mounting of "redundancies within specific sectors such as HR and investment banking".
KPMG is the largest integrated accounting group in Europe and has over 10,000 partners and staff.