The latest official data shows that the UK Jobs Market has cooled down with the fall of vacancies and the number of people on parole has fallen.
According to the National Statistics (ONS) office, the job inauguration between May to July from May to July fell to 5.8%.
It said that there was evidence that some firms cannot recruit new workers or those who have left, are changing them.
Preliminary estimates also indicated that the number of parole employees slipped between April and June, with the most decline in hospitality and retail areas.
Liz Mcken, director of Economic Statistics at ONS, said “the latest figures point to the continuous cooling of the labor market”.
However, the recession was not as fast as some economists estimated.
Average wage increased at 5%, unemployment rate 4.7% and an estimated decline in people on parole – below 8,000 between June and July – as per the sentence of former England policy maker Andrew, indicated “very gradual cooling”.
He said that employers in UK have more than 30 million people on parole.
