December 3, 2025 at 20:09
KPMG & REC UK Report on Jobs – October 2025 Summary
Authored by MyEyze Finance Desk
November 2025 KPMG/REC UK Report on Jobs (October data, released November 13) shows temp billings expanding for the first time since June 2024, with permanent placements easing for the fourth month. Vacancies fell sharply but candidate supply surged, easing pay pressures amid Budget caution.
Release Date
The press release for this report was issued on November 13, 2025.
Key Points
- Temporary billings expanded for the first time since June 2024.
- The downturn in permanent placements eased for the fourth consecutive month.
- Vacancies fell at a historically marked pace.
- Candidate supply rose at rates among the quickest since 2020.
- Starting salaries for permanent staff increased only marginally.
- Temporary pay broadly stagnated after a year of growth.
Quoted Insights
Jon Holt, Group Chief Executive and UK Senior Partner at KPMG, noted: “Economic uncertainty continues to weigh heavy on business, but further stabilisation in the jobs market last month indicates that a Budget that builds business confidence, could be a catalyst for renewed hiring.” Neil Carberry, REC Chief Executive, added: “Today’s data reflects the more positive outlook we have been hearing from recruiters since the start of the autumn... The Budget must give employers confidence to invest, with a focus on unlocking potential through delivering on skills reform.”
Outlook
The report indicates a labor market showing signs of stabilization, with potential for growth in hiring if economic conditions improve and supportive Budget measures are implemented.
This summary contains only publicly available data from the KPMG and REC UK Report on Jobs press release.
Attribution:KPMG and REC UK Report on Jobs↗
Disclaimer
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