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State of the UK job market

callcenter1Hays, the UK’s biggest recruitment agency, said the British employment market remained fragile, as public sector job cuts continued to bite and hiring in the City slowed. This report from the Financial Times.

With government figures showing the total number of unemployed at its highest level since 1994, the recruitment agency said there was little sign that the private sector was creating enough jobs to offset cuts in state spending.

Hiring in the financial services sector – a bright spot last year – also faltered in the three months to April.

Paul Venables, finance director, said: “Twelve months ago, every one of our financial institution clients were recruiting across the board. Now it is much more surgical with people only being recruited in areas which are really making money like debt origination.”

Read the full article from the Financial Times.

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