UK Job Vacancies See Steepest Drop Since 2020 as Hiring Slowdown Continues
• UK job vacancies fell by 6.95% in December, the largest drop since June 2020 • Early data suggests vacancies will fall similarly in January, marking a difficult year for jobseekers • Hiring is slowing but there's been little rebound in activity in the new year • Pay growth remains firm, with average advertised salaries up 0.96% to £37,577 • Competition for jobs rose to highest level since September 2021, with 1.68 jobseekers per vacancy