Overview
- Adzuna recorded 694,940 advertised roles in January, down about 3% from December and 16% year on year, dropping below 700,000 for the first time since January 2021.
- Graduate adverts fell below 10,000 for the first time since 2016 and were down roughly 45% on the year, while entry-level roles declined about 4% annually.
- Youth unemployment has reached 16.1% and the overall jobless rate rose to 5.2% in the three months to December, according to the ONS.
- Competition for roles intensified to roughly 2.4 jobseekers per vacancy, up from about 2.27 a month earlier.
- Signals remain mixed as REC reported 1,435,910 active postings in January, up 3% month on month, while average advertised pay rose to £43,289—about 6% higher than a year earlier—and London saw the fastest monthly drop in vacancies at 5.6%.