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).
Pay was up 7.8%, excluding bonuses, in June to August 2023, while vacancies fell for the 15th consecutive period.
A nationwide trend for declining job vacancies has been bucked by the retail and warehousing sectors, but experts predict staffing difficulties later this year.
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.
The UK has a hidden range of jobs employers cannot recruit for due to a lack of skills, including wigmaker, canine beautician and knitter.
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).
UK businesses are optimistic about their ability to push through 2023’s economic challenges and achieve medium-term growth, according to research.
The UK saw a faster increase in contract terminations than more than 160 countries despite overall low redundancy figures, according to new figures.
The average salary for UK professionals on permanent contracts has fallen over the past year, even as vacancies rose in January.
The number of jobs in the UK rose to a record 35.8 million in June 2022, according to figures from the Office for National Statistics (ONS), yet job vacancies have dropped.
Over half of employees (60%) have said their employer actively discourages them from taking time off, according to new research.
Too many firms are lazy by assuming their recruitment problem is a skills gap.