I posted some UK data just a few moments ago on retail sales: UK data - BRC July like-for-like sales +0.9% y/y (expected +0.9%)
More now, this time on wages (and staffing shortages) - this via Reuters again.
- Increase in demand for staff matched a roughly two-year high in May
- Pushed up starting salaries for permanent staff at the sharpest pace in 20 months
- Hourly pay for short-term staff also increased
But ... this from the Recruitment and Employment Confederation (REC):
- Say the availability of staff overall suffered its biggest fall last month in a year and a half
REC Chief Executive Kevin Green comments:
- "The parts of the economy most reliant on European workers are under even more pressure as many EU workers return home"
- "Employers are not just struggling to hire the brightest and best, but also people to fill roles such as chefs, drivers and warehouse workers."
- "Financial services, a crucial part of the London labour market, are not hiring in their usual quantity as the uncertainty caused by Brexit makes them hesitant"
--
Dunno ... maybe firms will have to (look away now if you don't want to view my ruthless suggestion) train people.
The horror.
