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.
Vacancies back to pre-pandemic levels as UK jobs market slows January 16, 2025 The number of vacancies in the UK economy has fallen back in line with pre-pandemic levels, according to new figures from the REC.
Forget the big infrastructure projects, SMEs are the key to unlocking growth January 15, 2025 Dear Chancellor, forget the big infrastructure projects. Boosting the productivity of SMEs is the key to growth, writes Paul Ormerod.