UK Job Vacancies Fall by Most in Three Years in Sign Labor Market Is Cooling
- BOE to welcome signs that recruitment pressures are easing
- Adzuna says weak December trend continued into new year
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Job vacancies in the UK fell by the most in more than three years in December, another sign a red-hot labor market is cooling.
Figures in latest Job Market Report published by online portal Adzuna showed advertised vacancies declined 6.95% in December, the largest drop since June 2020. Early data suggests January will see a similar sized fall, marking what could be the start of difficult year for jobseekers, Adzuna said.