The rate of decline in recruitment is slowing, according to the latest REC/KPMG Report on Jobs.

Permanent and temporary appointments continued to decline, but the rate of decline eased to its weakest levels in 10 and eight months respectively.

There continued to be a strong increase in the number of candidates on the market, while the supply of candidates continues to outstrip job availability in May, contributing to pay rate pressure.

Kevin Green, chief executive of the REC, says: “This month’s Report on Jobs shows that vacancies and appointments continue to decline, however there are some signs of recovery. For example, 60% of recruiters reported either a stable or increased demand for temporary staff in May.”