UK job adverts at record in Christmas buildup; FTSE 100 dips from pandemic high – business live | Business

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Britain’s ongoing labour squeeze is continuing in the run up to Christmas, as firms continue to struggle to fill vacancies.

The number of active job postings at UK firms hit 2.68 million in the first week of November, a record high, according to the Recruitment and Employment Confederation (REC) this morning.

Growth in job adverts shows “no signs of slowing down in the build up to Christmas”, REC says, despite concerns about increases in the cost of living and the persistent presence of COVID-19.

Another 221,000 ads were added during the week – the fourth highest weekly figure since the start of 2020. It highlights that the worker shortages that have hampered the UK’s recovery have not eased, as growth slows over the summer.

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