UK Job Market Remains Strong despite Looming 'Brexit' Threat

In recent weeks there has been no escaping news surrounding the upcoming EU referendum and the impact a ‘Brexit’ might have on the UK economy. While there are plenty of valid reasons coming from both sides of the argument, there are still many questions left unanswered, particularly around how a Brexit would impact the UK labour market.

After examining latest data from its site, CV-Library reported a 5% month-on-month decline in job vacancies in February. Despite concerns being raised that the threat of a Brexit is paralysing the market, there is no reason to believe the nominal drop in vacancies is anything but normal. The decline follows a surge in hiring that took place in January, which experienced a 43.8% growth in vacancies when compared with the previous month.