UK Recruiters Report Sharpest Rise in Jobseekers Since Covid
- In March, the number of jobseekers in the UK rose sharply, reaching its highest level since December 2020, indicating a strained job market, according to new figures.
- Chancellor Rachel Reeves's introduction of a higher National Insurance rate is expected to raise costs for businesses significantly.
- Jon Holt from KPMG remarked that global uncertainty affects the labor market, with ongoing economic pressure noted amid low demand from employers.
- According to KPMG and the Recruitment and Employment Confederation, there is a bigger pool of available workers, but wage growth remains under pressure.
13 Articles
13 Articles
Rachel Reeves under fire as UK job market suffers worst downturn since the pandemic
Chancellor Rachel Reeves is under growing pressure as new figures show the UK jobs market is in its worst state since the Covid pandemic.In March, the number of people looking for work rose sharply, reaching its highest level since December 2020, according new figures.There’s now a bigger pool of available workers, but with less demand from employers, wage growth remains under pressure, according to new figures from KPMG and the Recruitment and …
UK Recruiters Report Sharpest Rise in Jobseekers Since Covid
The pool of candidates looking for a job in Britain grew the most since the pandemic, one of the clearest signs yet that the labor market is cooling amid cost pressures for firms at home and a worrying global outlook.
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