Home Business News Number of job vacancies fell in the UK by 17.5% in 2023, more than the US and EU

Number of job vacancies fell in the UK by 17.5% in 2023, more than the US and EU

by LLB Reporter
8th Feb 24 4:21 am

International Recruitment and Employment Technology Company, CareerWallet manages a portfolio of leading international job aggregators that help millions of jobseekers around the world find and apply for their next career move.

The firm processes up to 10 million jobs a day from recruitment companies and employers in North America, UK and Europe.

New Government job vacancy data indicates how the global employment industry performed in 2023 in the wake of high inflation, global economic uncertainty, and the Ukraine–Russia conflict.

The data has shown that the UK was impacted the most with the number of job vacancies falling by 17.5% last year which was significantly higher than Germany which saw a decline of 8.7%, the US which fell by 6.6% and France which saw an increase of 2.5%.

The total number of job vacancies is a good indication of how buoyant the recruitment market is and is a direct reflection of how healthy an economy and with so many markets showing a fall in vacancies this will be a concern for the future of the global economy.  The UK saw a drop from 1.138 million in January 2023 to 934,000 at the end of the year. Many other key European markets also saw a decline in job vacancies with France being one of the few to buck the trend.

Career Wallet is a Leading Recruitment and Employment Technology Company that manages a portfolio of leading international job aggregators and also offers cutting-edge white-label recruitment technology.

Craig Bines, CEO of The CareerWallet Group, commented, “The government data shows some concerning trends in the global recruitment market and although CareerWallet increased the number of vacancies processed in 2023 it was clearly a tougher market for job seekers across many countries.

For candidates looking for a new role at CareerWallet we have millions of vacancies available globally, so it is an ideal time to register and find your next position.”

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