"Vacancies increased by 3.74% month-on-month to 752,711, according to the latest UK Job Market Report from job matching platform Adzuna. However, the overall picture remains subdued, with openings still down 13.6% compared with March 2025 and hovering near their lowest levels since 2021."
"Despite this, wages continue to rise. The average advertised salary reached £44,327 in March, up 0.55% on the month and 4.93% higher year-on-year. Crucially, pay growth remains ahead of inflation, currently running at around 3%, meaning advertised roles are still delivering modest real-terms gains for workers."
"London crossed a symbolic threshold, with average advertised salaries exceeding £50,000 for the first time, reaching £50,867. However, competition for roles remains elevated, with the number of jobseekers per vacancy easing slightly to 2.29 in March, down from 2.40 in February."
In March, UK job vacancies increased by 3.74% month-on-month to 752,711, suggesting a possible stabilization in the labor market. However, vacancies remain down 13.6% compared to March 2025. Employers are cautious due to rising costs and global uncertainties, with many absorbing increased National Insurance contributions and the National Living Wage. Despite these challenges, average advertised salaries rose to £44,327, outpacing inflation. Competition for roles remains high, with 2.29 jobseekers per vacancy, although this is an improvement from February's 2.40.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]