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Labour market

  • 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.

  • Recuiter Pagegroup cuts more staff amid jobs market slowdown

    January 13, 2025

    Gross profit in the final quarter of 2024 dropped to £196.7m, down from £237.5m in the same period the year before.

  • Hiring falls to 16-month low after Reeves’ ‘tough Budget’, survey shows

    January 9, 2025

    Temporary billings also declined last month, and at a faster pace than typically seen during 2024.

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