How’s the current UK job market looking?

As talent acquisition and recruitment specialists, we’re always keeping an eye on the current UK job market – after all, it’s a vital part of our job…

Sometimes during our research we come across an interesting piece, full of information that might be of interest to our candidates and clients. So when we stumbled across this article on the Financial Times website, we thought we’d give it a bit of visibility.

Stalling economy, buoyant job market – key takeaways
Based on data from the Office for National Statistics, full-time employment is at a high. However, on the flip-side, salaries and hiring rates are on a downward slide.
Other key UK job market statistics include:

Job vacancies reach a record of 1.3 million
Unemployment rates have increased to 3.8%
Weekly earnings down by 3.4% (real-terms) since last year

You can read the full article here (subscription may be required) and explore the Chancellor’s thoughts, along with a range of additional insight into the economy and the state of the current UK job market.