UK job vacancies hit a post-pandemic low, signaling a potential wage inflation slowdown.

UK job vacancies have plummeted to their lowest rate since the start of the pandemic, following the October Budget. The sharp decline affects permanent roles more, with businesses cutting hiring and considering redundancies due to increased costs. Temporary hiring has also slowed, but remains more stable. The drop in vacancies is attributed to companies reassessing their budgets and cost-cutting measures, leading to a surge in available candidates. This trend may lead to a slowdown in wage inflation as businesses focus on managing their expenses.

3 months ago
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