UK Job Market: Inflation and Digital Shift

Advertised salaries in Britain hit their lowest level in six months in October, indicating easing inflation pressure. Job search website Adzuna reported a first rise in vacancies since June, suggesting a recovery in the labor market. Online job ads climbed 0.35% to 1.03 million adverts, with pre-Christmas hiring in sectors such as retail and warehousing. Lloyds Banking Group is considering job cuts of over 2,500 as part of its digital refocusing efforts.