Amount of time it takes to hire workers drops to seven year low of just over a month Jobs jobs jobs The amount of time it is taking businesses to hire staff has slimmed to its lowest level in seven years in a sign friction in the jobs market is beginning to unwind, new research out today shows. Employers left roles advertised on job boards on average for 37 days over the last year, down from [...]
Pint pourers pocket 11.3 per cent pay rise beating UK average amid staff shortage uk economy Pub workers are raking in some of the biggest pay rises in the UK caused by landlords stepping up benefits in a bid to lure and retain staff, new figures out today show. Wages for people working in the country’s drinking holes climbed 11.3 per cent over the last year, higher than the hospitality sector’s [...]
Britain firmly on path away from recession as hiring and growth ramp up uk economy Britain seems almost certain to dodge a recession this year as two new surveys out today reveal businesses are hiring at the strongest pace in half a year and families are upbeat about their finances. Numbers from Lloyds Bank show nearly every sector of the UK economy stepped up headcount last month. Hiring was led [...]
Signs of unemployment jump emerge in UK economy – and it won’t solve worker shortages May 17, 2023 There are some signs that Britain’s red hot jobs market is calming down. That’ll please officials at the Bank of England, who, remember, are trying to make people and businesses (on average) a bit worse off to tame inflation. Wage growth which, in cash terms, has been rising rapidly for around a year, didn’t spring [...]
Record number of Brits return to workforce but inflation continues to wipe out pay growth May 16, 2023 A record number of Brits are returning to the workforce in a sign that labour shortages that have held back economic growth and pushed up inflation are starting to unwind, official figures out today show. A net 251,000 people flowed out of economic inactivity in the three months to March compared to the previous quarter, [...]
UK on track to dodge recession as economy grows 0.1 per cent in first quarter May 12, 2023 Britain is on course to officially dodge a technical recession in the first half of this year, demonstrating the big turnaround in the country’s economic fortunes in just a handful of months, figures out today show. Gross domestic product (GDP) – which measures all goods and services made in an economy – edged 0.1 per [...]
UK businesses turn to temp staff amid recession worries May 10, 2023 UK businesses are turning to part-time staff to avoid locking into long-term contracts for fear of being dragged down by the economic slump, a new survey out today shows. Demand for temporary staff is running much higher than for full-time workers, according to consultancy KPMG and the Recruitment and Employment Confederation (REC). The pair’s permanent [...]
Sick days in UK reach record high of 185m as Covid-19 hangs over economy April 26, 2023 Working days lost in the UK due to people being sick have climbed to a record high of just over 185m, official figures out today reveal. The new figures released by the Office for National Statistics (ONS) indicate that Covid-19 is still having a nagging impact on the UK economy and the health of the [...]
Nearly every UK business struggling to fill roles amid worker exodus April 25, 2023 Nearly every business in the UK is struggling to hire staff in a sign that the country’s slimmer workforce since the pandemic is pegging back growth, a new survey out last night indicated. Some 80 per cent of 5,000 firms surveyed by the lobby group the British Chambers of Commerce (BCC) said they ran into [...]
FTSE 100 close: China economy growth spurt jolts London miners higher April 18, 2023 London’s FTSE 100 bumped upwards again today, boosted by stronger than expected Chinese economic growth boosting sentiment toward the capital’s biggest listed industrial giants. The capital’s premier index climbed 0.38 per cent to 7,909.43 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly [...]