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UK job market shows stabilization in February, with hiring decline slowing and vacancies falling at a record low rate, though still below pre-pandemic levels.
UK job market trends in February show signs of stabilization, with permanent hiring decline slowing to its weakest pace in nearly three years and job vacancies falling at the slowest rate in nine months.
While hiring remains subdued due to high costs and economic uncertainty, temporary placements continued to weaken.
The north of England saw growth in permanent roles, but retail and hospitality faced sharp declines.
Engineering was the only sector with rising permanent hiring.
Jobseekers increased, easing wage pressures, though vacancies remain nearly 9% below pre-pandemic levels.
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El mercado laboral del Reino Unido muestra una estabilización en febrero, con una desaceleración de la disminución de la contratación y una caída de las vacantes a un ritmo récord, aunque aún por debajo de los niveles anteriores a la pandemia.