By Max Clarke

The rate of job growth has slowed to its lowest level for 22.

A drop in permanent staff vacancies has contributed to the recent lull, a joint report by the Recruitment & Employment Confederation and KPMG reveals.

While the rate of increase has slowed, the UK unemployment rate continues to fall, having seen its biggest drop in a decade last quarter despite continued public sector cuts.

“Jobs growth has slowed to a 22 month low,” commented the REC’s Chief Executive, Kevin Green, “but we remain optimistic that the private sector can absorb public sector cuts.

“Although there has been a deceleration in the rate of growth,” continued Green, “the UK jobs market is resilient and we are not expecting a double dip in employment. Recruitment consultants reported an overall increase in the number of people placed into permanent jobs in June. This ties in with last month’s official jobs figures and means that we have now seen 23 months of continued expansion in permanent job placements.”

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