UK Job Vacancies Fall by Most in Three Years in Sign Labor Market Is Cooling [Yahoo! Finance]
ABRDN PLC UNSP ADR (SLFPY)
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Source: Yahoo! Finance
(Bloomberg) -- Job vacancies in the UK fell by the most in more than three years in December, another sign a red-hot labor market is cooling. Most Read from Bloomberg Three US Troops Killed in Attack Tied to Iran-Backed Groups Traders Line Up for ‘Once-in-a-Generation' Emerging Markets Bet Houthi Hit on Russian Fuel Has Oil Traders Recalculating Risks Stock Market's Fate Rests on $10 Trillion in Big Tech Earnings Singapore's $200,000 Toyotas Fuel Angst Over Widening Wealth Gap Figures in latest Job Market Report published by online portal Adzuna showed advertised vacancies declined 6.95% in December, the largest drop since June 2020. Early data suggests January will see a similar sized fall, marking what could be the start of difficult year for jobseekers, Adzuna said. The shift may ease upward pressure on wages that's been a symptom of persistent inflationary pressures the Bank of England is trying to rein in. The central bank is concerned that average earnings are r
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