UK job vacancies dropped by nearly 20% in June to 852,703 open roles, despite positive economic growth.

UK job vacancies dropped by nearly 20% in June, reaching 852,703 open roles, according to Adzuna's UK Job Market Report. Economic growth has not translated into new hires, with 1.95 people seeking each job vacancy, the highest figure in three years. Despite positive economic growth, companies are adopting a cautious approach towards hiring due to high interest rates and weak consumer spending, resulting in a job market that has not fully recovered from the pandemic.

July 29, 2024
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