Britain’s labour market is showing further signs of cooling, with online job adverts down 1.3% year-on-year in August, the first annual decline since February. Adzuna said the drop signals a slowdown rather than collapse, as postings remain above January levels. Salaries continued to rise, up 8.9% year-on-year, keeping pressure on the Bank of England as it balances inflation risks with softer hiring.
A separate CBI survey showed firms expect weaker activity over the next three months, with sentiment weighed down by higher employer costs, tax concerns ahead of November’s budget, and global uncertainty.
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Info via Reuters report.
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