The labour market is set to see an end to 10 months of positive hiring intentions by employers following a dip in productivity and growing fears of a recession, according to a new report.
Business advisory firm BDO said the labour market is at a “turning point”, with recessionary fears expected to put downward pressure on employment as hiring intentions start to fall.
Soaring energy costs have added to a decline in business output and productivity, leading to a fall in confidence among companies.
