Labour market

Annual wage growth continues to fall, but not as fast as was expected according to labour market statistics in November 2024.

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Uncertainty around Budget accelerates long-running negative trend in recruitment activity as businesses put hiring plans on hold.

Nissan is slashing 9,000 jobs globally while its chief executive has taken a 50% pay cut in a bid to curb its losses.

‘Positive movements in national living wage and so on are fantastic news stories for the worker; however, they come at a huge cost to employers’

A 6.7% hike in the national living wage for 2025 has been confirmed ahead of the Budget, while the national minimum wage rises by 16.3%.

New ONS figures show that the median weekly wage for full-time employees was £728 in April 2024; the TUC says this shows a rise of only 0.3% since 2010

Hiring intentions among UK firms increase slightly in October, despite a dip in business confidence ahead of tomorrow’s Budget.

Next week’s Budget must avoid imposing fresh costs on business in the wake of the Employment Rights Bill, the Recruitment and Employment Confederation has warned.

Government launches consultation on how reforms around zero-hours contracts should apply to agency workers.

Employment Rights Bill could cost business £7.4bn over 10 years as government publishes impact assessment and four consultations.

An EU-UK Youth Mobility Scheme is an opportunity to address labour shortages and help the reset of post-Brexit relations.

Robert Walters slashes more than 700 jobs in the past year and 159 in the last three months due to falling job vacancies.

New official data suggests a mixed picture for the UK’s labour market, with employment down on the previous month

More than one in five people with neurodivergent conditions are not in employment, research commissioned by Heston Blumenthal OBE reveals.