Number of job vacancies drops to the lowest level in five years
THE number of job vacancies in the UK has dropped to the lowest level in five years as unemployment remains flat.
TL;DR
- UK job vacancies dropped to 691,000 between July and September, the lowest since April 2021.
- Unemployment rate edged down to 4.7% in the three months to August.
- Wage growth rose to 3.7%, but total pay growth fell to its lowest rate in nearly six years.
- Small businesses reported increased labor costs as a key factor for reduced vacancies.
- Almost one million under-25s are classified as NEET (not in employment, education, or training).
- The Sun's Jobs Army initiative aims to help young people find work through apprenticeships and work shadowing.