UK job vacancies fell to a 3-year low, with Reed Recruitment data showing a 23% drop in England, while applications rose by 20%.
UK job vacancies have fallen to their lowest in over three years, dampening hopes for an economic rebound. Reed Recruitment data shows a 23% drop in job listings in England compared to a year ago. The number of applications rose by 20% year-on-year in February, indicating a cooling labor market. The Bank of England aims to curb inflationary forces and is closely monitoring recruitment activity.
March 11, 2024
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