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Confidence in UK economy drops again

Staff Writer |
Employer confidence in the UK economy has dropped to the lowest level since the EU referendum, according to the latest JobsOutlook survey by the Recruitment & Employment Confederation (REC).

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Thirty-three per cent of employers believe that economic conditions are getting worse, while 26 per cent think economic conditions are improving.

The net balance fell further into negative territory, from -3 last month to -7 in September.

Despite falling confidence in the economy as a whole, confidence in hiring and investment decisions remains positive at +10 per cent, showing no change from last month.

Hiring intentions are also stable, with one in five (19 per cent) planning to increase permanent headcount in the next quarter.

Six in ten (59 per cent) say that agency workers are important to responding to growth.

More than a third (36 per cent) expect to find a shortage of temporary agency workers to meet their needs.

A shortage of temporary workers is expected in the construction sector in particular.

A shortage of candidates to fill permanent health & social care roles is anticipated.

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