CV-Libraryโs analysis also showed that October 2025 saw 12.4% fewer job vacanciesย compared to the same month in 2024, highlighting just how far down the market has fallen.
In the past two years, the job market has typically grown from September to October following a summer dip, but after an encouraging September, Octoberโs decline spells more woe for the job market.
The trend is the same in pretty much all sectors, with hospitality and education showing particularly large falls.
The analysis forms part of a wider review of the job market over the past 16 months since Labour came to power.
CV Library has said that job vacancies continue to fall for 39 consecutive quarters and there is more people now who are โeconomically activeโ, but fewer job vacancies means the unemployment rate has grown and more people are doing gig work.
The employment rate is higher, but boosted by second jobs, self-employment and gig work โ not more payrolled jobs.
The number of payrolled jobs has reduced as businesses cut back on hiring.
Lee Biggins, CEO, CV-Library said, โWeโve warned of a real jobs’ crisis for some time, and the latest data only reinforces our concern.
โThe number of vacancies has now dropped well below the pre-covid levels and any hope of a stabilisation back to these norms seems unlikely.
โHigher hiring costs through employer NICS and greater hiring risk anticipated from the employee rights bill, is lowering business appetite to bring in new people. And that is stifling economic growth.
โItโs why weโve urged the Government to introduce a pro-jobs budget this November. While we recognise the budgetary constraints, policies that are aimed specifically at unlocking job growth can rekindle the economy and get things moving in the right direction.โ
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