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A KPMG report on jobs today is reporting a sharp deceleration in job losses and could be foreshadowing that the worst is over for the UK jobs market.  The report showed the slowest decline in full-time workers and part-time jobs in over seven months.  The report also showed a decline in wages, but at a much slower rate than had been previously seen.   It’s important to note that, like the U.S., the UK is coming off a very deep trough from Q4 and Q1 so any “improvement” must be taken with a grain of salt.  As Mike Stevens of KPMG says: “The employment outlook is still worse than at any time in the 11 year history of the survey.”

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