UK job vacancies fell 15% in January, reaching the lowest since April 2021 (867,436).
UK job vacancies dropped 15% in January, reaching the lowest levels since April 2021. High borrowing costs and recession are impacting businesses' ability to hire, with the number of advertised jobs falling to 867,436. Preliminary data for February suggests the number of vacancies may be stabilizing. The central bank aims to slow wage growth to control inflation, which remains double its target.
February 26, 2024
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