7 AUG 2023
Recently, there has been a significant drop in advertised job openings in England, raising concerns about the country's economic prospects. According to Reed Recruitment, job listings have plummeted by 24.4% in the past three months, compared to the same period last year. Additionally, they are down 26.6% from 2019 levels before the pandemic hit. Chairman James Reed believes this is a clear indication that the labor market is loosening and that a recession might be on the horizon.