Labour market

Vacancies fall as pay growth cools

Vacancies in the UK have continued to fall while pay growth has slowed slightly, according to new data from the Office for National Statistics (ONS).

Labour shortage persists as employers turn to AI

The CIPD’s labour market outlook found 41% of employers are struggling to fill vacancies, with 24% planning to use automation to address them.

Record pay rises as vacancies down again

Pay was up 7.8%, excluding bonuses, in June to August 2023, while vacancies fell for the 15th consecutive period.

Wages outstrip inflation while unemployment grows

Wages grew by 7.8% in the three months to July 2023, keeping pace with inflation for the first time in over a year despite a rise in unemployment and hiring slow-down, according to new data from the...

Counter-offers used to fill skills shortages

As skills shortages persist, 40% of UK employers have made a counter-offer to retain staff in the last 12 months according the CIPD's Labour Market Outlook.

Rise in candidate availability gathers pace

The upturn in candidate availability gathered pace in July 2023, while permanent placements fell at the fastest rate since June 2020, according to a report from the Recruitment and Employment...

Thousands of UK jobs lost as unemployment spikes

The number of people in employment fell by 120,000 between March and June 2023 and the Trades Union Congress (TUC) has warned Britain is on the brink of a recession.

Reed boss calls time on candidate-led job market

James Reed, chairman of recruitment site Reed, has said the job market is no longer candidate driven, following a decline in job postings and increase in applications.

Successful recruitment in the modern world

It is self-defeating for companies to respond to labour shortages and our stubbornly flat economy by cutting corners on recruitment.

Worker demand plateaued from January-April 2023

The number of active job postings has remained stable and above 1.4 million since January 2022, according to April’s Labour Market Tracker from the Recruitment and Employment Confederation (REC).

Labour market enforcement needs a single body, report finds

A four-year study of labour market enforcement has recommended the introduction of a single enforcement body to tackle widespread non-compliance.

Budget must get all ages involved in work, CIPD warns

Nearly a million (913,000) young people have been lost from the labour market over the last 30 years, according to CIPD analysis released today.