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The number of job vacancies in the UK has tumbled to the lowest level in five years, research suggests, falling to levels not seen since the pandemic.The number of jobs being advertised slid by 3% in January to 695,000, according to the job search site Adzuna, marking the first time advertised vacancies have dropped below 700,000 since January 2021.Graduate jobs fell below 10,000 for the first time since Adzuna began tracking this in 2016.The research comes days after official figures showed unemployment in the UK had risen to a five-year high of 5.2%, at a time when wage growth is slowing and concerns are increasing that young people are bearing the brunt of the slowdown in hiring.The fall in the number of vacancies marked a continuation in the downward trend seen during late 2025 and showed a 16% slide compared with last January and a near-20% fall since six months earlier.It highlights how sharply job opportunities have shrunk since mid-2025,...

…. KPMG cuts graduate intake by 29 percent, Deloitte by 18 percent, EY by 11 percent and PwC by 6 percent     Accounting entry-level graduate job listings in the United Kingdom (UK) have fallen 44 percent year-on-year, while graduate recruitment at its biggest accounting firms is also declining, signalling a structural squeeze on the traditional entry point into finance as artificial intelligence (AI) and offshoring reshape the profession. For instance, KPMG has cut its graduate intake by 29 percent, Deloitte by 18 percent, EY by 11 percent and PwC by 6 percent. EY has also delayed graduate start dates for three consecutive years, suggesting that the contraction in entry-level recruitment is becoming more than a temporary response to weaker economic conditions. The figures matter because graduate schemes have traditionally served as the finance industry’s talent pipeline. Young accountants typically begin with routine tasks such as processing invoices, reconciling accounts, categorising transactions and preparing reports before progressing into analysis, risk management, client advisory and strategic...

Job switching varies markedly by occupation, shaped by entry barriers, skill specialisation and labour demand. Key points: Job switching varies by occupation: Around 2.4% of Indeed users in the UK change jobs each month, with 63% of these moving into a different occupation. Turnover is highest in entry-level roles such as loading & stocking, food preparation & service, and hospitality & tourism, and lowest in occupations like beauty & wellness, nursing, and electrical engineering.  Barriers and accessibility influence mobility: Roles with lower entry requirements or more generalised skills attract more external talent, while specialised professions such as nursing, dentistry, and software development experience lower inflows and stronger occupational attachment. Demand and skill investment drive retention: Occupations with high demand or significant barriers to entry see fewer workers leaving. High-demand or specialised roles, especially in healthcare, have lower exit rates, whereas temporary or junior roles in sectors like hospitality and retail experience much higher exit rates. People change jobs for a variety of reasons. Higher pay...

Nearly half (47%) of UK job seekers have had an AI interview, research from the hiring platform Greenhouse has found.In its survey of 2,950 active job seekers, including 1,132 UK-based workers, with additional respondents from the US, Germany, Australia and Ireland, it found that 30% of UK candidates had walked away from a hiring process because it included an AI interview.We asked people about their experiences of AI interviews. The responses included those who found it “awkward” and “humiliating”. Others spoke of wanting a human element in the interviews, and said they were not sure if their interview had even been reviewed.Here are some of the responses.‘It’s like you’re looking into a mirror and speaking to yourself’Thomas*, 21, who is at university in the north of England, says he found the AI interview component of his job applications “frustrating”.He has applied for 15 jobs, and around 10 of them have involved AI interviews. In addition to these, they often have...

Nigerian companies including LemFi, Kuda, Moniepoint and Fidelity Bank expand UK operations. Major boost to North West economy as Zenith Bank opens new Manchester branch. Twinings Ovaltine opens £24 million Lagos manufacturing facility, ahead of historic Nigerian State Visit this week. Hundreds of new jobs are set to be created across the UK as Nigerian banks, fintech innovators and creative industry businesses scale up their operations in Britain. The move will see millions invested into the UK economy and reinforces the UK’s position as a leading global business hub, backed by world‑class talent, strong access to capital, and a stable regulatory environment - while showcasing Nigeria’s expanding role as a key source of innovation and investment into the UK. It comes as the President of the Federal Republic of Nigeria, Mr. Bola Ahmed Tinubu, accompanied by the First Lady, Mrs. Oluremi Tinubu, are set to commence an historic State Visit on Wednesday, strengthening the UK’s position as a global hub for...

Max Mosley wrote for LBC about the UK’s latest employment statistics.  “The headline offers a rare sliver of good news. Unemployment, which has been growing faster than forecasters’ predictions, surprisingly fell a little to 4.9 per cent — a sign that workers entered this crisis in a stronger position than feared. But beneath that number, the picture is more troubling. Well before Trump’s first strikes on Iran, our labour market was already ​“cooling” – a word economists use to describe slower hiring, fewer job vacancies, lower worker turnover and lower wage growth. A cooling jobs market – especially ahead of an economic shock – is bad news for living standards.” Read the full article. Source link...

-ENDS-Contact:KPMGClaire BarrattDeputy Head of Media RelationsT: +44 (0)7923 439264claire.barratt@kpmg.co.uk RECHamant VermaCommunications ManagerT: +44 (0)20 7009 2129hamant.verma@rec.uk.comS&P GlobalAnnabel FiddesEconomics Associate DirectorS&P Global Market IntelligenceT: +44 (0)1491 461 010annabel.fiddes@spglobal.comHannah BrookEMEA Communications ManagerS&P Global Market IntelligenceT: +44-7483-439-812hannah.brook@spglobal.compress.mi@spglobal.com MethodologyThe KPMG and REC, UK Report on Jobs is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.Underlying survey data are not revised after publication, but seasonal adjustment factors may be revised from time to time...

The Nigerian experience is physical, emotional, and sometimes international. No one knows it better than our features on #TheAbroadLife, a series where we detail and explore Nigerian experiences while living abroad.  Mike (43) moved to the UK for a master’s degree when he became disillusioned with life in Nigeria. In this story, he shares the struggle of being a mature student in data science, and how a Christmas holiday in the UK turned into a permanent relocation for his family after he secretly applied for jobs on his wife’s behalf. This model is AI-generated and not affiliated with the story in any way Where do you live currently, and when did you leave Nigeria? I currently live in Kent, United Kingdom, and I left Nigeria just after the pandemic in January 2021. Was that your first time leaving the country? No, I have travelled out of the country several times. My spouse and I go on vacation almost every year, but that was the first time...