Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

More people looking for work as job vacancies fall

by April 18, 2023
April 18, 2023
More people looking for work as job vacancies fall

The number of people looking for work has risen as job vacancies fall suggesting that the uncertain economic outlook is hitting employment.

About 220,000 more people were seeking work between December and February than in the three months before.

Unemployment rose slightly and job vacancies fell for the ninth time in a row, official figures suggest.

However, the figures also showed a rise in the employment rate as more people returned to the jobs market.

Overall, UK economic growth has been flat since spring last year, with the effects of high energy prices and rising interest rates taking their toll, along with strikes in several sectors.

Inflation – the rate at which prices rise – has been running at more than 10%, remaining close to 40-year highs, and the latest earnings figures showed that pay continues to lag rising prices.

Annual growth in regular pay, which excludes bonuses, was 6.6% between December and February, the Office for National Statistics (ONS) said.

However, when taking into inflation into account, regular pay fell by 2.3%.

The ONS figures showed that the employment rate edged up to 75.8% in the three months to February. In the same period, the unemployment rate rose to 3.8%, up from 3.7% in the previous three months.

Job vacancies fell for the ninth time in a row with companies blaming economic pressures for holding back on hiring new staff.

From January to the end of March, the number of vacancies fell by 47,000 from the previous quarter to 1,105,000, although the ONS noted vacancy numbers remained at “very high levels”.

Michael Stull, the managing director of employment agency ManpowerGroup, told the BBC’s Today programme: “We are starting to see a pullback in demand from employers. However, we’re still in a strong position.”

“We’re seeing more people coming back into the workforce,” he added, noting that more over-50s and younger people were returning to the jobs market.

However, Paul FitzGerald, managing director of Coast & Country Hotels, a chain of 30 hotels across the UK, said recruitment was still a huge challenge, particularly in the hospitality sector.

“The situation is getting a little better, we’re seeing some green shoots of improvement, but it’s still chronic”, he said, adding that vacancies were running at 11% in the business.

“The biggest problem area is chefs. They are in short supply and that’s our number one priority,” he said.

Read more:
More people looking for work as job vacancies fall

0
FacebookTwitterGoogle +Pinterest
previous post
Achieving Work-Life Balance with Air Landline: Streamline Your Communications and Reclaim Your Time
next post
SME XPO Reveals further details on this years themes of this years show

You may also like

Frasers blocks Boohoo name change to Debenhams amid...

March 29, 2025

Marketing for Business Expansion: A Strategic Framework for...

January 18, 2023

Hunt reverses ‘almost all’ of mini-budget tax cuts...

October 17, 2022

SEO or PPC: Which is Better?

February 4, 2025

Enhancing Product Development with Automation and MVP Development...

December 16, 2024

Workplace rights for individuals undertaking IVF treatment 

April 10, 2024

Unveiling the Secrets of Success with Charlie Day,...

March 22, 2024

Book Bodega of Ramsgate turns new page with...

February 28, 2023

What are the benefits of a National Trust...

December 4, 2023

Thames Water told by regulator to find extra...

February 28, 2024

Frasers blocks Boohoo name change to Debenhams amid...

March 29, 2025

Marketing for Business Expansion: A Strategic Framework for...

January 18, 2023

Hunt reverses ‘almost all’ of mini-budget tax cuts...

October 17, 2022

SEO or PPC: Which is Better?

February 4, 2025

Enhancing Product Development with Automation and MVP Development...

December 16, 2024

Workplace rights for individuals undertaking IVF treatment 

April 10, 2024

Unveiling the Secrets of Success with Charlie Day,...

March 22, 2024

Book Bodega of Ramsgate turns new page with...

February 28, 2023

What are the benefits of a National Trust...

December 4, 2023

Thames Water told by regulator to find extra...

February 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Pentagon presses Japan, Australia on role in possible Taiwan conflict

      July 14, 2025
    • Bitcoin Just Smashed $112K—Is a Surge to 124K Next?

      July 14, 2025
    • Biden chief of staff reportedly gave approval for autopen pardons on final day in office

      July 14, 2025
    • ‘One more’: Senate Republicans eye tackling another reconciliation bill

      July 14, 2025
    • Democrats seize on Epstein files drama with new transparency calls

      July 14, 2025
    • Ukrainian Refugees Probably Didn’t Reduce the Birth Rate in Czechia

      July 14, 2025

    Categories

    • Business (8,473)
    • Investing (2,120)
    • Politics (16,033)
    • Stocks (3,208)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved