As of summer 2024, while the UK jobs market sees slight increases in employment, real earnings growth remains subdued against rising living costs, indicating persistent economic challenges.
Different sectors show mixed trends: management consulting faces job surplus challenges due to over-hiring, while the payroll sector thrives amid gig economy complexities and increased workforce management needs.
London's job market demonstrates resilience with an uptick in permanent staff placements, attributed to renewed business activity and diminishing political uncertainties, marking a shifted trajectory.
Inflation has eased to 2.8% in June 2024, yet real-term wage growth lags, indicating that nominal increases fail to enhance workers' purchasing power amid high living expenses.
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