UK Jobs Market Shows Signs of Cooling with Online Vacancies and Pay Offers Falling

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UK,Jobs Market,Online Vacancies

Online job adverts and advertised salaries in the UK fell by 1.6% in September, indicating a potential cooling off of the job market. The Bank of England will take this data into consideration before making their interest rate decision.

Spice Up Your Life with Homemade Pumpkin Spice: No Bake Pie | SaltWire #shortsvideo #cookingshortsLONDON - Britain's jobs market is showing more signs of cooling with online vacancies and pay offers falling, according to data from job search website Adzuna which will be noted by the Bank of England before this week's interest rate decision.

"September traditionally sees a surge in job market activity but the figures we're seeing this year could signal a cooling off of the job market, which had shown signs of resilience earlier in the year," Adzuna co-founder Andrew Hunter said. The Office for National Statistics said earlier this month its measure of job vacancies fell to a two-year low of 988,000 in the three months to September.

The headline confidence reading published by the Federation of Small Businesses rose to -8.0 in the three months to the end of September from -14.2 in the second quarter but remained below -2.8 recorded in the first quarter.

 

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