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Are businesses continuing to hire in the UK in spite of the Brexit uncertainty?


John Naronha

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Based on data from the British Chamber of Commerce, about 60% of businesses in the UK were found to be recruiting new staff in the second quarter compared to 53% in the first three months of this year. The survey, comprising of more than 6,500 firms signals a robust labour market and comes a few days after Britain’s Office for National Statistics (ONS) showed that the unemployment rate in the UK was holding at 45-year lows in the three months to May 2019. While the ONS is expected to release the official unemployment rate for the second quarter on 13th August, the growth in hiring was largely on account of part-time employment, contract and agency work. Likewise, a survey by BBC found that the firms hiring were mostly small businesses with less than 250 employees with the percentage finding it easier to find the right people to fill open positions dropping from 73% in the first quarter to 64% in Q2. On the outlook for the next three months, about 63% of businesses said they may not hire more workers, while 30% expect to boost hiring and the remaining anticipate a job cut.
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