Vacancies Tumble to Lowest in Five Years – ONS
- Vacancies in the UK have dropped to 707,000 in the three months to May, the lowest in over five years, as firms slow their hiring efforts.
- The Office for National Statistics reported a 19,000 decline in vacancies, with the biggest drops in professional services and among smaller employers.
- Britain's unemployment rate slightly decreased to 4.9% in the three months to April, down from 5% in the previous period.
- Liz McKeown of the Office for National Statistics noted the labour market is mostly stable but shows signs of softening, with some workers moving into self-employment and firms being cautious about hiring.
41 Articles
41 Articles
Evening Standard
Vacancies tumble to lowest in five years – ONS
The Office for National Statistics said vacancies tumbled by 19,000 to 707,000 in the three months to May.
People starting new jobs at lowest level in five years
The Office for National Statistics says some areas of the jobs market are weakening, as vacancies continue to fall. Article Attribution | Read More at Article Source [mwai_chat context=”Let’s have a discussion about this article:nnThe Office for National Statistics says some areas of the jobs market are weakening, as vacancies continue to fall.nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” tex…
New hires fall to lowest level since 2021
Businesses continue to be more cautious in recruiting new staff as official labour market figures continue to show a falling number of vacancies. The Office for National Statistics (ONS) found that early job vacancy estimates for March to May suggest a decrease of 19,000 (2.6%) vacancies to 707,000, compared with December to February. This is the lowest level since February to April 2021. While the unemployment rate fell from 5.2% to 4.9% over t…
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