UK Job Vacancies Drop for 8th Month in a Row as Firms Hold Back on Hiring
Job vacancies across Britain have fallen for the eighth month in a row, as businesses hold back on recruitment amid economic pressures, new data show.
According to the latest figures from the Office for National Statistics (ONS), Britain’s unemployment rate remained unchanged at 3.7 percent in the three months to January.
But the number of vacancies from December 2022 to February 2023 decreased by 4.3 percent—or 51,000—from the preceding three-month period.
Quarterly vacancy numbers have fallen for the eighth consecutive period, with vacancies falling in 12 of the 18 industry sectors.
Total vacancies were down by 162,000 from the level of a year ago, although they remained 328,000 above their pre-pandemic levels….