Rise in job candidates 'suggests tide could be turning' in labour market

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Greater confidence has boosted availability of staff - but the jobs market is still lagging behind pre-pandemic levels, report says.

The overall supply of candidates for jobs has increased for the first time in more than two years, a survey of recruiters suggests.

Researchers said the increase was driven by improvements in the availability of both permanent and temporary staff amid greater"confidence among job seekers" - alongside"signs of a relative improvement in hiring conditions".labour market tightness in the British economyREC chief executive Neil Carberry said that while staff shortages remained a major challenge for many firms, the overall increase in available candidates was"big news".

"The continuing fast rate of pay growth is likely reflective of the impact of inflation on wage offers, as well as low labour supply. That means increasing pay is likely to persist, despite more people beginning to look for work."

 

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Tide turning in report , yes allowing more boats to arrive on uk shores .When hundred of thousands ( mainly young men ) arrive in a country not a surprise that the candidate nos.will increase 🤯🤦‍♂️. Meanwhile as the report also says , redundancies and uncertainty for uk residents

Or companies are pulling posts to protect profits against higher costs

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