Photo via City AM

Hiring rate declines in October in ‘end to positive news for jobs’

Read the original at City AM ↗
Cite

Alencar, M. (2026, November 9). Hiring rate declines in October in ‘end to positive news for jobs’. City AM. https://www.cityam.com/hiring-rate-declines-in-october-in-end-to-positive-news-for-jobs/

Dated from the outlet's own feed. Check the original for its byline.

City AM · collected 2026-11-09 · by Maurício Alencar

Quick Summary

In October, hiring activity decreased significantly according to industry data, marking the second-fastest decline this year due to higher borrowing costs and inflationary pressures. This reversal comes after months of positive trends in employment, with employers showing less confidence in hiring despite some resilience seen in London and northern England. The article highlights concerns from KPMG UK CEO Jon Holt about the potential impact of rising interest rates on future hiring decisions and notes that the recent Budget failed to provide sufficient support for job growth amidst economic challenges.
Written by AI on 2026-11-09, from this article's own text only (the story summary below draws on all the coverage).

Story

Hiring Rate Declines In October
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads leans left and hedges 36% of its claims. Each row says how that neighbour differs.
Hiring jumps: The economy added 165,000 jobs last month Different event
NPR
Hedges 1 of 15 claims Outlet record 60/100
“The articles describe contradictory trends in job hiring for October, with one reporting an increase of 165,000 jobs and the other a decline.”
US adds 165,000 jobs in October, far exceeding expectations Different event
Semafor
Hedges 2 of 5 claims Outlet record 68/100
“The articles describe different trends in job creation and hiring activity, with Article A reporting an increase in jobs and a decline in unemployment rate, while Article B reports a decrease in permanent placements and a slowdown in the jobs market.”
US job openings jump to 7.52 million as layoffs fall, but hiring remains slow Different event
Times of India
Hedges 0 of 42 claims Outlet record 59/100
“The articles describe different time periods with contrasting trends: one shows an increase in job openings but steady hiring, while the other reports a decline in hiring activity.”
Canada expected to add jobs in October, unemployment rate to remain steady Different event
The Globe and Mail
Hedges 2 of 5 claims Outlet record 52/100
“The articles discuss different aspects of the job market over a period of time, not a single specific incident.”
US adds 165,000 jobs in October as labour market beats expectations Different event
South China Morning Post
Leans right further right than this Hedges 2 of 5 claims Outlet record 62/100
“The articles describe different aspects of the job market, with Article A reporting an increase in jobs and a lower unemployment rate, while Article B reports a decline in hiring activity.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
11
sentences that state something as happening or true
Uncertain
36%
4 of 11 hedged ("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
93/100
City AM's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-09 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

City AM · 39 article(s) · 0 correction(s) detected
No corrections detected for this publisher. That may mean careful reporting, or simply that nothing has been checked.

Who wrote this

Maurício Alencar
4 article(s) here · 1 carrying a prediction
The pedestrianisation of Oxford Street has delivered a “staggering’ boost in footfall, data compiled by the London mayor’s office has shown, as Christmas shopping could usher in a larger surge in the number of shoppers.
2026-11-09 · assertive framing · Oxford Street pedestrianisation brings ‘staggering’ shopping boost
KPMG UK chief executive Jon Holt said struggles to deal with costs could further weigh on hiring confidence. “October saw employers pull back on hiring in the month leading up to the Budget, ending a run of more positive news over recent months,” Holt said.
2026-11-09 · mixed framing · Hiring rate declines in October in ‘end to positive news for jobs’
The National Union of Rail, Maritime and Transport Workers (RMT) has announced that tube drivers will launch industrial action for a total of eight days, starting on Thursday 26 November.
2026-11-08 · assertive framing · Fresh tube strikes planned over four months
Her responses came in response to questions about whether there would be a cap on the number of Europeans who would come to Britain under a youth mobility scheme.
2026-11-08 · assertive framing · Nandy flags downsides of closer EU relations
Also by Maurício Alencar
Oxford Street pedestrianisation brings ‘staggering’ shopping boost
2026-11-09 · City AM
Nandy flags downsides of closer EU relations
2026-11-08 · City AM
Fresh tube strikes planned over four months
2026-11-06 · City AM
Nothing else under this byline is closely related to this article, so these are simply their most recent.

Topics

Budget KPMG UK London REC the Bank of England

Subjects

Budget ORG · 3× REC ORG · 2× Bank of England ORG · 1× England GPE · 1× Holt PERSON · 1× Jon Holt PERSON · 1× KPMG UK ORG · 1× London GPE · 1× Maxine Bligh PERSON · 1× the Bank of England ORG · 1×

Narrative

Budget ‘missed opportunity’ for jobs boost Maxine Bligh, interim chief executive at the REC, said some resilience in hiring across London and the north of England was promising although labelled the Budget a “missed opportunity for both jobs and growth”.
framing: mixed · carried by 1 article(s) · first seen 2026-11-09
KPMG UK chief executive Jon Holt said struggles to deal with costs could further weigh on hiring confidence. “October saw employers pull back on hiring in the month leading up to the Budget, ending a run of more positive news over recent months,” Holt said.
2026-11-09 · City AM
Hiring rate declines in October in ‘end to positive news for jobs’ · mixed framing

Claims (11 extracted, 4 hedged)

Hiring activity declined in October, reversing momentum in the jobs market over previous months. asserted
activity → decline → months
Data compiled by a leading industry group showed the number of permanent placements fell last month at the second-fastest pace this year as employers pulled back on hiring. asserted
employers → compile → hiring
Vacancies also continued to fall although the drop was the softest in over two years. asserted
drop → continue → years
Researchers said the fall in permanent placements, along with the first decline in temporary billings since March, was in part due to a rise in borrowing costs from higher interest rates and energy costs hampering firms. asserted
fall → say → firms
KPMG UK chief executive Jon Holt said struggles to deal with costs could further weigh on hiring confidence. “October saw employers pull back on hiring in the month leading up to the Budget, ending a run of more positive news over recent months,” Holt said. uncertain
Holt → say → months
“Businesses will now be assessing whether the measures announced in the Budget give them enough stability to absorb the external pressures and higher costs they face. asserted
they → assess → pressures
“But with the Bank of England increasing interest rates and inflation set to continue rising over the coming months, there is a risk the green shoots we had been seeing in the jobs market could stall.” uncertain
we → increase → market
Budget ‘missed opportunity’ for jobs boost Maxine Bligh, interim chief executive at the REC, said some resilience in hiring across London and the north of England was promising although labelled the Budget a “missed opportunity for both jobs and growth”. asserted
resilience → miss → jobs
A slowdown in the jobs market could weaken the case for another imminent interest rate hike, with Bank of England policymakers arguing on Thursday that signs of stabilisation had added to inflationary pressures in the UK economy. uncertain
signs → weaken → economy
But the latest official data published by the Office for National Statistics showed vacancy levels dropping below 700,000 for the first time in over five years. asserted
levels → publish → years
S&P Global data crunched by KPMG and REC researchers suggested that there was increased demand for workers in IT and computing, engineering and construction. uncertain
data → crunch → IT
Give feedback · no sign-in needed

No sign-in needed for now. Your note is sent without a name, so it cannot be answered.

History Support
Terms · Privacy · beta v2.0.0
Articles to 9 Nov 2026