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International Business Times UK
International Business Times UK
National
Ria Pathak

UK Jobs Market Slows: Fewer Vacancies, Rising Costs — and Tougher Times Ahead for Jobseekers?

The UK's jobs market is cooling, and jobseekers are starting to feel the strain. According to the latest data from the Office for National Statistics (ONS), the nation's employment trend has shown a continued decline in job vacancies, a drop in payroll numbers, and a growing sense of unease among both workers and employers.

Vacancies fell by 5.8% between May and July this year, down to 718,000, marking the lowest level since 2021 outside of the pandemic.

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