# UK job vacancies fall to post-pandemic levels, REC says
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-30
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: UK Job Vacancies Hit Record Low Amid Labour Market Cooling
Meta Description: Discover how employer demand is shifting in the labour market, as job postings hit 2022 low. Stay informed with the latest data analysis from REC.
URL: https://financedigest.com/uk-job-vacancies-fall-to-post-pandemic-levels-rec-sayshtml

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LONDON (Reuters) – British job vacancies dropped to the lowest level since the COVID-19 pandemic last week, a sign of a further weakening in the labour market that has been cooling since July, according to data from the Recruitment & Employment Confederation (REC).

There were 143,000 new job postings in the week of Sept. 19-25, the least in 2022 so far, bringing the total number of active job alerts to 1.45 million, REC said on Friday.

Employer demand is still significant, but a cooling-off is no surprise,” Neil Carberry, the [chief executive](https://www.financedigest.com/exotix-draws-sberbanks-us-chief-executive-in-triple-hire-to-extend-global-capabilities.html "Exotix Draws Sberbank’s US Chief Executive in Triple Hire to Extend Global Capabilities") of REC, said.

With inflation high, and employers [concerned about the economic](https://www.financedigest.com/oil-falls-on-concerns-economic-slowdown-may-dent-fuel-demand.html "Oil falls on concerns economic slowdown may dent fuel demand") picture, some moderation in hiring from the sugar rush of the past year was predictable.

The [Bank of England has tried to rein in inflation](https://www.financedigest.com/bank-of-england-still-needs-to-see-the-job-through-on-inflation-pill.html "Bank of England still needs to ‘see the job through’ on inflation: Pill") by raising interest rates since December last year. It [expects unemployment to rise](https://www.financedigest.com/instant-view-us-may-payrolls-rise-up-than-expected.html "Instant View: US May payrolls rise up than expected") from next year.

At the same time, new Prime Minister Liz Truss is seeking to boost economic growth with a tax-slashing mini-budget that was unveiled by her [finance](https://www.financedigest.com/scottish-finance-minister-kate-forbes-to-run-for-countrys-leadership.html "Scottish finance minister Kate Forbes to run for country’s leadership") minister last week, triggering turmoil in financial markets.

Carberry said the government needed to ensure stability in Britain’s fiscal and monetary [outlook for businesses](https://www.financedigest.com/lighting-maker-signify-cuts-2022-outlook-again-on-china-business-lighting.html "Lighting maker Signify cuts 2022 outlook again on China, business lighting") to pick up the pace of hiring.

(Reporting by Humza Jilani; Editing by William Schomberg)


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