Candidates' market | The job market is showing no signs of slowing down

ONS data has found that job vacancies in the UK reached another record high in May, rising to a 1,300,000. Although short-term unemployment has also risen slightly, and the threat of recession looms on the horizon, for the moment, the job market has shown no real sign of slowing down. It remains a candidates' market - for the time being.

The fact that lack of available talent is causing a serious headache for business leaders has been widely discussed – but what is behind all this?