The UK's job market is showing signs of stagnation, with 2.09 jobseekers per vacancy in August, marking heightened competition due to declining vacancies.
With advertised vacancies falling by 0.5% from July and down 17.46% year-on-year, job seekers are struggling to find roles amidst rising unemployment.
Salary transparency remains low, with over 53% of job adverts lacking salary information, complicating job hunters' abilities to find suitable positions.
The average duration for job postings has risen to 35.8 days, indicating that employers are exercising caution in hiring amid increasing vacancies.
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