31/08/2026
This week at LTG Accountants 💡
The UK jobs market shows signs of strain, with job vacancies dropping to 707,000, the lowest since 2014. Smaller firms are hesitant to hire due to rising costs. The unemployment rate remains at 4.9%, while the employment rate is 75.1%. Annual pay growth stands at 3.5%, but inflation-adjusted growth is only 0.5%. Payrolled employees also fell by 78,000 year-on-year. Overall, the market is subdued with steady unemployment and weakened hiring demand. What do you think about these trends? Share your thoughts below! 😊