No luck job hunting? You’re not alone — UK vacancies have fallen to a 10-year low

Max Mosley wrote for LBC about the UK’s latest employment statistics. 

“The headline offers a rare sliver of good news. Unemployment, which has been growing faster than forecasters’ predictions, surprisingly fell a little to 4.9 per cent — a sign that workers entered this crisis in a stronger position than feared. But beneath that number, the picture is more troubling. Well before Trump’s first strikes on Iran, our labour market was already ​“cooling” – a word economists use to describe slower hiring, fewer job vacancies, lower worker turnover and lower wage growth. A cooling jobs market – especially ahead of an economic shock – is bad news for living standards.”

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