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Uk Employment

All articles tagged with #uk employment

Over-50s Face a Hiring Wall: 918,000 Britons Struggle to Reenter Workforce
economy22 days ago

Over-50s Face a Hiring Wall: 918,000 Britons Struggle to Reenter Workforce

Job seekers in their 50s and 60s are facing unprecedented barriers in the current labor market, with 918,000 people in the UK aged 50 to state pension age struggling to find work. This figure, the highest since 2020, rises to 2.9 million when including those with health or caregiving responsibilities. Many report extreme rejection rates, such as one man receiving only eight interviews from 598 applications. Challenges include perceived age bias, AI-driven screening that may overlook experienced candidates, and a lack of employer feedback. While some pivot to new roles or upskill in AI, others face emotional tolls and financial strain, highlighting a systemic issue where experience is undervalued.

UK Labor Market Tightens with Record High Employment and Rising Wages
business3 years ago

UK Labor Market Tightens with Record High Employment and Rising Wages

UK employment has reached a record high of 33.1 million, but worker shortages are still pushing up wages and exacerbating inflation. Average regular pay increased 7.2% during the February-April quarter, the fastest rise on record apart from pandemic-related distortions. The rise in pay partly reflects an increase in the national minimum wage, but economists say it will add to the Bank of England's concerns about inflation becoming ingrained in the economy. Despite the surplus of unfilled jobs, particularly in construction, retail, and agriculture, employers are holding back on recruitment due to economic uncertainty.