"CV-Library's analysis also showed that October 2025 saw 12.4% fewer job vacancies compared to the same month in 2024, highlighting just how far down the market has fallen. In the past two years, the job market has typically grown from September to October following a summer dip, but after an encouraging September, October's decline spells more woe for the job market. The trend is the same in pretty much all sectors, with hospitality and education showing particularly large falls."
"The analysis forms part of a wider review of the job market over the past 16 months since Labour came to power. CV Library has said that job vacancies continue to fall for 39 consecutive quarters and there is more people now who are 'economically active', but fewer job vacancies means the unemployment rate has grown and more people are doing gig work."
"We've warned of a real jobs' crisis for some time, and the latest data only reinforces our concern. The number of vacancies has now dropped well below the pre-covid levels and any hope of a stabilisation back to these norms seems unlikely. Higher hiring costs through employer NICS and greater hiring risk anticipated from the employee rights bill, is lowering business appetite to bring in new people. And that is stifling economic growth."
October 2025 saw 12.4% fewer job vacancies than October 2024, reversing the usual September-to-October growth pattern and signaling deeper market weakness. Declines occurred across most sectors, with hospitality and education hit particularly hard. Vacancies have fallen for 39 consecutive quarters while more people are economically active. The apparent rise in employment is driven by second jobs, self-employment and gig work rather than payrolled positions, and the number of payrolled jobs has fallen as firms cut hiring. Higher employer NICs and anticipated risks from the employee rights bill are reducing firms' hiring appetite, prompting calls for a pro-jobs budget to stimulate job growth.
Read at London Business News | Londonlovesbusiness.com
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