According to a new report, the number of new jobs offered fell 8.3% from last month as employers feel the impact of rising costs and worry about the state of the economy.

There were 143,000 new online job postings last week, the lowest in 2022 and down from the 160,000 posted the week before.

Between September 19 and 25, there were 1.45 million job vacancies available for workers in the UK, lower than at any time during the pandemic, according to figures from recruitment industry watchdog the Employment and Employment Confederation and labor market analytics company Lightcast.

Driving instructors, ship and hovercraft officers and floor and tile installers had the biggest weekly declines, the report said.

But the number of vacancies for teachers, school secretaries and patrol officers has increased significantly.

Danny Hewson​, financial analyst at online investment platform AJ Bell, said: “The post-lockdown recovery sparked a boom in the labor market, but a lack of confidence and fears of a recession are now slowly eating away at those numbers. Obviously, there are still high vacancies, but the decline suggests that the boom is over.”

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Rising energy costs are likely to be a factor in the decline despite the business scheme of energy discharge announced the government last week, Ms Hewson said.

She added: “It’s no surprise that new jobs are slowing. Companies had to wait a long time before the government finally confirmed they would get help with their spiraling winter energy costs, but six months is not long enough for companies to be able to plan their strategy for next year so that thoughts of expansion are put on the back burner.”

Of the 10 places with the biggest increase in job adverts, three were in the West Midlands.

However, Northern Ireland has been hit hardest by job losses, with six of the UK’s bottom 10 job vacancies located in the country’s regions.

https://news.sky.com/story/post-lockdown-boom-in-jobs-market-is-over-as-employers-worry-about-energy-costs-and-recession-fears-12707944

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