Labour Market Outlook | Unemployment rising, vacancies shrinking & pay growth slowing - ONS latest

The UK labour market is showing clearer signs of slowing. According to the latest Office for National Statistics figures released this week, vacancies have dropped for the 38th consecutive quarter, unemployment has edged up, and wage growth, while still positive in nominal terms, offers little comfort after inflation. 

Experts warn that jobseekers are facing stiffer competition, and businesses are increasingly cautious about hiring or expanding.