Employer’s Confidence in UK Decline

The number of British employers concerned with the Britain’s economy is increasing as indicated in a new found research. The Recruitment and Employment Confederation (REC) conducted a poll among 601 employers and pointed out that 31% of the respondents expect that the economy will get even worse while 28% of the participants hope for an improvement. Moreover, the confidence of employers fell off since the final survey for the month of July. Kevin Green, chief of REC, stated that the downturn should alert for a possible danger and obtain much clearer perspective over Brexit. The organization’s measure of confidence became negative in the space of a month. Last month, the total of employers who are confident towards the economy dominated the pessimists over 6% points.

The decline coincides with the fall in consumer confidence. The consumer confidence index of GfK, a market research group depreciate in June towards the level during the aftermath of Brexit referendum.

The  JobsOutlook survey of REC indicates that 40% of employers do not have excess capacity, showing one over five is planning to accept additional permanent laborers to satisfy further demand. Nevertheless, the major problem is about finding the most suitable candidate, particularly in the construction sector, either temporary or permanent positions.