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There was more gloomy news from the jobs market when Michael Page, Britain's second-largest recruiter, today reported a 49% drop in first-half profit as companies continued to hold back on hiring new employees.
But the firm said the rate of decline had slowed in its key UK and Asia Pacific markets.
Michael Page, which specialises in placing professional staff, posted a pre-tax profit of £43.2 million pounds for the six months to the end of June, compared to £84.1 million in the same period last year.
First half revenues fell 27% to £364.7 million. Recruitment companies have suffered in recent months as firms across the world axe workers rather than hire, in order to cut costs in the recession.
