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employment Vacancies across the UK have fallen to their lowest level so far this year, as an expert warns the UK is on the brink jobs crisis,
research by jobs Search engine Adzuna found that vacancies fell by 2.4 percent in September to 826,205 vacancies.
But roles are increasing in retail as businesses look forward to Christmas. Around 2.5 per cent of all vacancies were for Christmas jobs, totaling more than 20,000 roles, with retail vacancies increasing by more than 8 per cent compared to August.
Consulting, press relations and marketing were among the areas featured. drastic decline in roles As companies appear to focus on the most important core offering of their business rather than adding complementary positions. Overall, total roles are down more than 4 percent from a year ago.
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Despite the drop in numbers, companies appear willing to pay more for the right person, with advertised salaries rising by 8.8 per cent. However, despite that increase, more than half of the listings are still missing salary details.
Adzuna’s Andrew Hunter said businesses are taking more time to ensure they get the right candidates, with fewer vacancies on offer, meaning job seekers have “more competition and a tougher fight for each role”. It is estimated that there are more than two job seekers For each vacancy, it takes companies an average of 37.3 days to fill a position.
The latest figures see the CEO of another recruitment site, CV-Library, writing an open letter Rachel Reeves warning of an impending tipping point for economic growth if businesses are not supported in the future Budget,
Urging the Chancellor to deliver a “budget for jobs in November”, Lee Biggins said Britain was “on the brink of a jobs crisis” and set out a five-point plan of principles for the government to follow to boost employment.
“Unemployment has risen to 4.7 percent, the highest in four years, and businesses are retreating, holding back on investment due to high employment costs and a lack of economic confidence. The number of job vacancies has declined for the last 37 consecutive quarters,” the letter said.
“If the country is serious about growth – once its No. 1 priority – then its absolute foundation is jobs. More people at work boost tax receipts and national productivity, cut welfare costs, and provide millions of people with opportunities to improve their wages and living standards.”
The five suggestions made by Mr Biggins were to stop placing the burden of taxes on businesses; reducing red tape around appointments and compliance; providing tax relief and other placement incentives for SMEs; implementing a new, balanced employment rights framework; and encouraging investment in “job-rich” sectors such as hospitality and construction.