Reeves Budget aftershocks: Why there aren't enough job vacancies

The jobs market is showing no signs of recovering: Firms are shedding more jobs and wage growth is cooling. According to official data, the collapse of the labour market has deepened, as the number of payrolled employees dropped by 6,000 in July. Provisional estimates also suggest there was a fall of 8,000 payrolled employees in August alone. The unemployment rate has stayed put at 4.7 per cent – having risen from 4.4 per cent earlier this year. Over the year, the Office for National Statistics said the drop in payrolled employees was 142,000. Read the full story here 👇 https://www.cityam.com/firms-continue-to-shed-workers-as-jobs-market-deteriorates/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam