Labour market

The jobs market in August showed a fall in both temporary and permanent hires, according to the latest figures from the REC and KPMG.

Children from poorer households have been finding it harder than 40 years ago to move into higher income brackets.

The employment rate for 50 to 64-year-olds is not yet back to pre-pandemic (2019) levels.

Employers have signalled their intention to cut jobs as the impact of 14 consecutive interest rate rises gradually adds to costs for businesses.

The analysis found that the increase in the number of young people who were Neet was entirely driven by young men, who increased by 38,000 on the quarter.

The drop in job postings is not as sharp as it was in summer 2022, according to job search engine Adzuna.

Real-terms pay has plummeted in the public sector, says the Resolution Foundation, fuelling strikes.

Hiring intentions declined across the services and manufacturing sectors in July 2023, BDO figures reveal.

A drop in permanent placements and growth in candidate availability means there could be positivity on the horizon.

Some 12,000 jobs could be at risk as the budget retailer searches for fresh investment.

Deliveroo has launched an awareness campaign aimed at over-50s looking to get back into work.

The skills gap in tech could be closed if more women were attracted into the sector, but employers are short of plans to improve the gender split.

The £600m funding will include a £570m workforce fund over two years, distributed to local authorities, and £30m funding for local authorities in the most challenged health systems.

Employers feeling more positive about business prospects and slightly better about the wider economy, according to the latest data from the REC.

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