{
  "id": 12738670,
  "title": "UK labour market shows more signs recovery in September, KPMG/REC survey shows",
  "url": "https://urgent.news/2026/10/07/uk-labour-market-shows-more-signs-recovery-in-september-kpmg-rec",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T23:24:47.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economic-indicators/uk-labour-market-shows-more-signs-recovery-in-september-kpmgrec-survey-shows-4937701"
  },
  "original_language": "en",
  "account": "The UK labour market continued to display signs of recovery in September, according to a survey conducted by recruitment firms KPMG and the Recruitment and Employment Confederation (REC). The index of permanent placements rose to 50.9 in September, the highest level since September 2022, indicating a significant improvement from August's reading of 50.5. Jon Holt, KPMG group chief executive, noted that businesses were increasing hiring across both permanent and temporary roles for the second consecutive month. Permanent starting salaries increased, though at a slower pace compared to August, which may provide some reassurance to Bank of England officials monitoring domestic inflation pressure. Demand for staff was reported at its weakest pace since August 2024, while recruiters expressed the highest demand for IT and computing, and engineering jobs, aligning with official economic growth data that suggests an AI-related surge in activity. However, the retail and hospitality sectors exhibited the most significant declines in demand. The REC/KPMG Report on Jobs serves as a leading indicator of Britain's labour market, with some Bank of England interest rate-setters previously anticipating that a cooling labour market could help prevent high inflation from becoming entrenched due to rising energy prices fueled by the US-Iran war.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}