Job market weakens to lowest level in five years as new job starts declineExecutive summary: ONS data shows new job starts at a five‑year low and vacancy levels declining, indicating a weakening jobs market. A slowdown in hiring and falling vacancies can dampen wage growth and signal broader economic caution, affecting policymakers and businesses. Office for National Statistics, employers, job seekers, policymakers Monitor forthcoming labour market reports and possible policy responses to support employment trendsThe Office for National Statistics reports that the number of people starting new jobs has fallen to its lowest level in five years, while vacancies continue to drop. This suggests a softening labour market and potential pressure on wage growth. The data will be closely watched by policymakers and employers for signals of broader economic slowdown.Connected developmentsUK Unemployment Falls Amid Shifting Labor DynamicsTraining and Talent Development InitiativesOpen the full case file on Beyond →
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