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UK jobs market continues to weaken

Figures released show that job vacancies grew at the slowest rate in almost a year.

The latest survey of recruitment firms conducted by the Recruitment and Employment Confederation (REC) and professional services firm KPMG indicates a pattern of continued weakening in the UK's jobs market.

Figures released by the REC on Tuesday show that job vacancies grew at the slowest rate in almost a year.

The number of permanent posts given to employees in September also showed the slowest growth rate in the last 12 months. The confederation's 'Report on Jobs' found that permanent staff placements went down from 56.3 in August to 54.6 in September on a scale where a value higher than 50 signifies an increase.

The employment situation has in turn affected wage inflation which was found to be at a 10-month low.

KPMG Head of Business Bernard Brown, cited public sector downsizing programmes and recruitment caps as the main reasons for the low demand for labour.

Brown added that, as in previous months, engineering, construction and executive staff have been most in demand, an indication of the continuing recovery in the private and manufacturing sectors.

REC's chief executive Kevin Green confirmed the possibilities of the jobs market heading towards a "double dip."