U.K. Starting Salaries Rise as Labor Shortages Intensify
- Survey finds soaring vacancies but a lack of candidates
- Summer heatwave boosts demand for temporary retail workers
This article is for subscribers only.
U.K. starting salaries rose steeply last month as employers struggled to fill job openings amid the lowest unemployment since the 1970s, a report published Wednesday showed.
Vacancies soared but a shortage of candidates meant firms added permanent staff at the weakest pace since October, according to IHS Markit and the Recruitment and Employment Confederation. Pay rates increased across the board, with the summer heatwave boosting demand for temporary shop workers.