UK employers cut job vacancies as Burnham aims to lift living standards
UK job vacancies have fallen to 712,000, nearly half of 2022 levels, as employers limit hiring amid economic uncertainty. Unemployment remains steady at 4.9%, presenting a significant challenge for the new administration under Prime Minister Andy Burnham.
Why it matters
The cooling labor market and stagnant unemployment figures signal a fragile economic recovery that could dictate the success of the new government's fiscal policies.
UK job vacancies fell to 712,000 in the three months to May, almost half the level in 2022. UK job vacancies fell to 712,000 in the three months to May, almost half the level in 2022. Economics UK employers cut job vacancies as Burnham aims to lift living standards Unemployment holds steady at 4.9%, underlining the challenge facing the new prime minister
Prefer the Guardian on Google Employers cut the number of job vacancies in June, according to official figures that highlight the UK’s “fragile” economic outlook amid the conflict in the Middle East.
Job vacancies fell to 712,000 – almost half the level in 2022 – as employers put off hiring new staff in the three months to May, the Office for National Statistics said.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in