vacancies News & Analysis
2 articles
Market Mood
Reed Reports Graduate Vacancies Drop from 180,000 to 50,000 Jobs
Reed, a recruitment firm, has observed that graduate vacancies on its website have decreased from approximately 180,000 three to four years ago to only 50,000 currently. This significant decline highlights challenges in the job market, particularly for entry-level positions, where employers are seeking candidates with previous experience. James Reed, chair and CEO of Reed, emphasizes the need for job applicants to tailor their CVs to meet job descriptions and to gain experience through various means. This data is essential for understanding current employment trends affecting new graduates and their job-seeking strategies.
Read More: Reed Reports Graduate Vacancies Drop from 180,000 to 50,000 Jobs
Job Starts Drop to Lowest Level in Five Years: 540K in April
In April, the number of new job starts fell to just under 540,000, the lowest monthly figure since March 2021. Job vacancies during the March to May period decreased to 707,000, the lowest since February to April 2021. The unemployment rate slightly declined to 4.9% from 5% in the previous three months. Regular pay growth remained stable at an annual rate of 3.4%, which is the lowest rate in the private sector in five and a half years. These trends suggest a cautious labor market outlook that may impact decisions made by the Bank of England regarding interest rates.
Read More: Job Starts Drop to Lowest Level in Five Years: 540K in April