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Wales Online
Wales Online
National
Alan Jones, PA & Nick Wood

Fewer jobs advertised as employers ‘worry about economy’

The number of adverts for job vacancies has fallen amid concern among employers about the economy, according to a new report. The Recruitment and Employment Confederation (REC) said 143,000 new job adverts were posted last week, the lowest figure of the year and 8% down on a month earlier.

The figure took the total to 1.45 million adverts. There were notable increases in postings for teachers, school secretaries and school crossing patrol staff, the REC said.

The biggest weekly decline was for driving instructors, ship and hovercraft officers and floorers and wall tilers, according to the report. REC chief executive Neil Carberry said: “Weekly jobs postings have returned to levels last seen in April this year.

“Employer demand is still significant but a cooling off is no surprise. With inflation high and employers concerned about the economic picture, some moderation in hiring from the sugar rush of the past year was predictable.

“That said, we are entering a new phase in our labour market. Workforce shortages make the impact of a slowdown on hiring much more unpredictable.

“It is far less likely that we will see much higher candidate availability, especially for roles requiring key skills, even if the economy slows.”

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