Thursday, July 31, 2025

Creating liberating content

Introducing deBridge Finance: Bridging...

In the dynamic landscape of decentralized finance (DeFi), innovation is a constant,...

Hyperliquid Airdrop: Everything You...

The Hyperliquid blockchain is redefining the crypto space with its lightning-fast Layer-1 technology,...

Unlock the Power of...

Join ArcInvest Today: Get $250 in Bitcoin and a 30% Deposit Bonus to...

Claim Your Hyperliquid Airdrop...

How to Claim Your Hyperliquid Airdrop: A Step-by-Step Guide to HYPE Tokens The Hyperliquid...
HomeMarketJob vacancies fall...

Job vacancies fall below one million as industries tighten their belts

Job openings fell below a million in November for the first time this year, according to the report.

The number of advertised jobs between October and November fell 2.7 percent to 998,562, the lowest level since May 2021, according to job exchange Adzuna.

The figures suggest an 8.55 percent decline from the same period in 2022, marking the first time in 2023 that the annual decline worsened from the previous month.

Adzuna added that the average advertised salary rose 0.74 percent to £37,221 for the first time since June.

The biggest year-on-year increase in advertised salaries was in the social sector, up more than 10 per cent to £33,767 on the previous year, followed by jobs in energy and oil and gas (up 8.95 per cent to £44,210) and production (plus 8.11%). ). ). interest up to £29,160).

Employers have struggled to fill some roles in recent years after workers left the labor market during the Covid pandemic, with Brexit also reducing the supply of available workers.

However, the latest vacancy figures show a significant decline in business confidence, the employment agency said.

Economic data released last week showed the economy contracted unexpectedly in October, and some economists have suggested the UK could fall into recession, defined as two consecutive quarters of negative economic growth, next year.

Gross domestic product (GDP) fell 0.3 percent in October, compared with a 0.2 percent rise in September, the Office for National Statistics (ONS) said, amid high interest rates.

The Bank of England noted in its report that high interest rates are affecting job supply, and was published alongside its recent decision to maintain interest rates.

Adzuna co-founder Andrew Hunter said people would likely find it “difficult” to find work at the start of 2024.

“Competition is increasing across all sectors, making it more difficult for UK job seekers to find the right job for them, especially at a time when industries are tightening their belts,” he said.

He also added that less market transparency is making it increasingly difficult for potential recruits to “understand the compensation for the roles they are applying for.”

In November, slightly more than half (50.5%) of the advertisements placed were paid.

Source: I News

Get notified whenever we post something new!

Continue reading

Next raises its profit forecast but warns of a fall in share prices due to the Red Sea attacks.

Fashion retailer Next expects full-year profits to be better than forecast after it posted record holiday sales figures, but warned there could be delays in stock levels as a result of the Red Sea attacks. The company, widely seen...

FTSE 100 at 40 years old – what’s next for the controversial London Stock Exchange?

The FTSE 100 celebrated its 40th birthday with a quiet trading day, as would be expected on a cold, windy January day after New Year. However, the omens are not good for the London blue chip index. While some of the...

The number of first-time buyers is falling to its lowest level in a decade as borrowers struggle to stay on the ladder.

The number of first-time buyers looking to secure their first step on the property ladder with a mortgage in 2023 is at its lowest level in a decade, according to a leading building association. Around 290,000 first-time buyers entered the...