“Today’s data reflects the cooling market recruiters reported in the Spring - though there are clear positive signals in things such as the upswing in temporary work. Vacancies have now normalised towards their pre-pandemic norm and cooling pay growth justifies the Bank of England’s recent interest rate decision.
“It is very clear where the challenge lies in our jobs market. Employment rates are still well below pre-pandemic levels and economic inactivity is way too high. It is essential that the new government works with businesses to address this - and makes sure its plans for workplace regulation don’t put barriers in the way of getting jobs for those who really need them.”
