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Labour market

  • Employer confidence heading in the ‘wrong direction’ as firms plan job cuts

    February 17, 2025

    A new survey suggests that more firms are planning job cuts in the next quarter than at any time in the last decade, excluding the pandemic. The latest labour market outlook from the Chartered Institute of Personnel and Development’s (CIPD) paints a bleak picture of the labour market, as firms plan job cuts in response [...]

  • National insurance hike has ‘taken a bite’ out of London labour market

    February 14, 2025

    Permanent placements made by recruitment firms fell for the sixth consecutive month in January, according to a survey from KPMG and the REC.

  • Labour market: Vacancies ‘tumble’ in January ahead of Labour’s tax raid

    February 10, 2025

    Demand for staff fell at its greatest extent since August 2020, a new report from KPMG and the Recruitment and Employment Confederation (REC) said.

  • UK economy: Wage growth was twice as high in Britain compared to the US

    January 28, 2025

    The figures will reinforce concerns that high wage growth might prop up inflationary pressures in the economy in 2025.

  • Adzuna: Average salary hit £40,000 in December

    January 27, 2025

    According to job search site Adzuna, the average annual advertised salary passed £40,000 for the first time in December.

  • UK economy: Stagflation concerns persist after worrying week

    January 24, 2025

    Data out this week suggested that concerns about stagflation have not yet fallen off the agenda.

  • UK economy: Has the Budget broken the jobs market?

    January 21, 2025

    Unemployment rose to 4.4 per cent in the three months to November, up from 4.3 per cent previously and the highest since last May.

  • UK economy: Headache for Bank of England as wage growth accelerates

    January 21, 2025

    Wage growth picked up towards the end of last year, new figures show, revealing the continued persistence of price pressures in the UK economy. According to figures released by the Office for National Statistics (ONS), annual regular pay growth averaged 5.6 per cent in the three months to November, up from 5.2 per cent previously. [...]

  • Skills gap has ‘passed its peak’ but experts warn of a ‘hiring recession’

    January 21, 2025

    This was the first time since 2014 that the number of firms suffering from a scarcity of well-qualified candidates declined.

  • Rachel Reeves’ tax hikes pose ‘major threat’ to UK labour market resilience

    January 20, 2025

    The government's tax hike pose a "major threat" to the health of the labour market, a leading economist has warned.

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