LONDON (Reuters – British employers increased their workforce in May at the slowest pace of any month since early 2021. According to a survey, this is a sign that the labor market is experiencing some heat.

KPMG and the Recruitment and Employment Confederation fell to 59.2 in June from 59.8 April. However, they remained above the 50 threshold of growth.

In May, the survey also showed that temporary staff hires were at their lowest level since last year.

After recent price spikes due to the opening of the global economic after Russia’s invasion of Ukraine, the Bank of England expressed concern about inflation.

Widely expected, the BoE will increase interest rates for a fifth time from December to June 16,

Neil Carberry is the chief executive of REC. He stated that the number and quality of vacancies remained high despite a slight decline in temporary salary growth.

“The market is stabilizing quicker for temporary staff than it is for permanent workers, which may suggest some caution in employers’ thinking when faced with high inflation,” he stated.

According to him, the major strategic concern for Britain was the half-million people who lost their jobs before the coronavirus epidemic.