UK job market ‘weak around Brexit vote’

September 2, 2016

The job market is very sensitive to the political situation, especially now, in the UK. According to the recruitment giant Hays, the UK job market weakened “significantly” around the time of the EU referendum. Of course, it’s too early to say about or to judge the long-term impact of the Brexit vote.

The job market in the UK has changed because of the Brexit, hint experts. The recruitment company Hays noted “no evidence” of any impact of the vote, but it’s about non-UK job markets in Europe.

According to Boris Johnson, ‘we leave the EU, we don’t leave Europe’, and figures of the pre-tax show an 11% rising to £173m for the year to 30 June. Its profits were driven by strong trading in Asia and the rest of Europe.

Regarding conditions, they were particularly challenging in local government and healthcare markets in the UK. The CEO of Hays Alistair Cox commented:

“It is too early to tell what the longer term impact may be and as ever, we will monitor activity levels closely.”


The UK takes about a one-third of Hays’ scale. It employs about 9,200 people across 33 countries. In the Asia Pacific region net fees grew by 4%, with Australia up 5%, boosted by strong public sector growth. In continental Europe and the rest of the world, net fees increased by 15%.