Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Record surge in job applications as UK vacancies dwindle

by
December 16, 2024
in Top News
0
Record surge in job applications as UK vacancies dwindle
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

The UK’s labour market is coming under intense strain as the number of applications per advertised job surges dramatically, reflecting deep-rooted economic uncertainties and a tight hiring climate.

According to data from talent acquisition platform Tribepad, the average number of applications per vacancy hit 48.7 in November—an astonishing 286% increase on the same month last year. In raw terms, candidates are sending out far more CVs: total applications between September and November soared to more than 4.5 million, a 64% rise on the year.

The figures were released just weeks after the Chancellor’s autumn budget, which has prompted businesses to rein in spending and hiring. Tribepad’s analysis indicates a 24% year-on-year drop in roles advertised between September and November, despite a modest seasonal boost as retailers and hospitality firms scaled up for the festive period. November alone saw a particularly sharp dip, with job postings falling by 43% compared to 2023.

This imbalance—few jobs and a glut of applicants—is putting employers and candidates on edge. Despite the rollout of shared hiring platforms and automated recruitment tools, employers are facing a flood of applications that can be difficult to manage. Some analysts suggest the spike may be partly due to job hunters using artificial intelligence to generate more applications more swiftly, seeking to maximise their chances in a cut-throat environment.

Meanwhile, workers are feeling the squeeze. After 28 consecutive months of declining vacancies, opportunities are scarce and competition fierce. While certain sectors, including retail and hospitality, offered a brief autumn reprieve, many businesses are either scaling back permanent hires or shifting resources elsewhere.

Dean Sadler, chief executive of Tribepad, said: “The surge in applications per job to nearly 50 on average is a clear sign of an extremely competitive market. Employers must rethink their recruitment strategies not just to handle the volume efficiently, but to ensure fairness and remove bias. It’s critical that, despite the influx, the hiring process remains equitable, offering everyone a fair chance.”

With economic headwinds continuing to bear down on businesses and households alike, the UK’s labour market looks set to remain a challenging battleground into the new year.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
BSP amends guidelines for participants of Peso Real-Time Gross Settlement system

BSP amends guidelines for participants of Peso Real-Time Gross Settlement system

Recommended

T-bill, bond rates may go up before BSP meeting

T-bill, bond rates may go up before BSP meeting

August 11, 2024
BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

April 22, 2025
Navigating Legal Complexities for Growing Businesses: When to Consult a Legal Expert

Navigating Legal Complexities for Growing Businesses: When to Consult a Legal Expert

November 18, 2024
ASEAN ‘best economic opportunity’ over medium term, European businesses say

ASEAN ‘best economic opportunity’ over medium term, European businesses say

September 24, 2024
Geeks On A Beach tech startup conference happening in Cebu this November

Geeks On A Beach tech startup conference happening in Cebu this November

September 22, 2024
BSP amends guidelines for participants of Peso Real-Time Gross Settlement system

BSP amends guidelines for participants of Peso Real-Time Gross Settlement system

December 16, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Underground Mapping Reveals Major New Target at Mojave

    Underground Mapping Reveals Major New Target at Mojave

    February 9, 2026
    Underground Mapping Reveals Major New Target at Mojave

    Underground Mapping Reveals Major New Target at Mojave

    February 9, 2026
    Crypto Market Update: Bitcoin Price Ends Week Higher Following Earlier Losses

    Crypto Market Update: Bitcoin Price Ends Week Higher Following Earlier Losses

    February 9, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved