Job creation and losses

Defence company Babcock International Group is creating more than 1,000 new jobs at its shipbuilding facility in Rosyth.

Jobs in London and Southern England are expected to grow at a faster rate than the rest of the UK between now and 2027.

Rolls-Royce Submarines is to create more than 200 jobs at new offices in Cardiff and Glasgow.

Sainsbury's has announced plans to cut 1,500 jobs as part of an ongoing programme to streamline operations.

Manufacturing giant Tata Group has confirmed it will invest £4bn in an electric vehicle battery plant in Somerset, creating around 4,000 jobs.

According to the latest monthly jobs market data from Adzuna, vacancies fell below 900,000 in January for the first time since April 2021.

The stores that will close immediately include four in London, where rents and other overheads are highest.

There were more than 870,000 new job postings in January 2024, and 1.8 million active job postings in the UK – a 4.2% increase from December 2023.

The Body Shop is set to appoint administrators this week, with job losses and store closures looking likely.

Pay growth barely continued to outpace inflation at the end of 2023, February 2024 labour market figures have shown.

Hiring intentions remained at a 10-year low in January 2024, despite optimism increasing in the services and manufacturing sectors.

One in five HR professionals expect significant problems with filling vacancies in early 2024, the CIPD finds.

Hiring into permanent positions fell sharply at the start of 2024, according to the latest Report on Jobs.

The governor of the Bank of England argues that employers must embrace the positives of AI.

One in eight workers will need reskilling by 2030 to aid the UK's transition to a net-zero economy, a report claims.