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Danni Hewson, Financial Analyst at AJ Bell, for comment on the drop in the UK's unemployment rate.
There’s been a record number of people moving job over the last quarter as the cost the living squeeze really begins to grab hold of the country suggesting workers are chasing higher pay in an increasingly tight labour market. For the first time since records began there are more vacancies than people out of work, a situation that’s forcing employers to adopt whatever methods they can to tempt workers to jump ship. People power the motor, without them businesses can’t function properly, but businesses are also struggling with rising costs and looking at where those vacancies are still sprouting up it’s the larger companies, those that have deeper pockets which are still hiring whilst the smallest employers are cutting back.
Record job movement as workers hunt higher pay
Media contact: Danni Hewson, AJ Bell, 07593451437 / danni.hewson@ajbell.co.uk
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