Jobs
UK Jobs Boom Cools as Vacancies Slip Below Pre-Covid Level
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UK online job advertisements slipped below pre-Covid levels for the first time in almost two years, adding to evidence that Britain’s red-hot labor market is cooling in a recession.
A sharp slowdown in manufacturing hiring led to a 16% drop in total job ads in the first week of January compared to a year earlier in another sign of the jobs boom easing, the Office for National Statistics said Thursday.