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Private sector job growth may have weakened

A survey has suggested that private sector job growth may have weakened in March.

The survey conducted by recruitment firm Reed revealed that the monthly index of job vacancies fell back in the month, suggesting that the UK labour market may have softened.

The survey suggested that job opportunities still remain 25% higher than a year ago, thanks in part to a steep rise at the beginning of the year.

The manufacturing, transport and logistics, engineering and construction sectors saw continued strong demand.

Reed managing director, Martin Warnes. said: “The sharp rise in job creation witnessed in January and February has slowed, indicating that economic recovery should not be taken for granted.”

The survey results also suggested that private sector pay levels continued to rise by less than the rate of inflation.

This was posted in Bdaily's Members' News section by Ruth Mitchell .