The positive economic growth recorded has yet to filter through to hiring. Businesses may have paused hiring plans due to the general election, with job vacancies dropping by nearly 20% from last year.
The weak job market may lead to the Bank of England reducing borrowing costs for the first time in four years. The Bank emphasizes the importance of stabilizing wages before any rate cuts.
Demand for workers is strong in professional services, but hospitality, catering, healthcare, and nursing roles have seen a decline in vacancies.
[
Collection
]
[
|
...
]