According to the latest monthly jobs market data from Adzuna, vacancies fell below 900,000 in January for the first time since April 2021. There were 867,000 roles advertised on the job search engine – a year-on-year decline of 14.6%.
Fewer vacancies meant that competition for roles has increased, with 1.81 jobseekers per vacancy. This is the highest level of competition since August 2021, according to the jobs search engine.
The company also found that companies are taking longer to make hiring decisions, with advertised vacancies remaining live on average for 36.6 days until they are filled. This is the longest period since January 2023.
