Job market weakens in June

08/07/2008 05:38

LONDON (Reuters) - The number of people placed in permanent jobs fell again in June while vacancies for full-time staff dropped for the first time in five years, a report showed on Monday.

The REC/KPMG report on jobs’ permanent placements index fell to 48.2 from 48.6. That was the sharpest decline in over five years.

Placements for temporary staff rose but at a slower pace.

The permanent vacancies index fell to 48.4 in June from 50.2. That was the first drop in vacancies in five years.

"This really is a sobering set of figures proving the credit crunch has finally taken its toll and is now severely weakening the UK jobs market," said Alan Nolan, director at KPMG.