Market & Data Insights - January

"While the data suggests a further decline in job vacancies going into 2024, this is far from guaranteed. Inflation has fallen substantially since throughout 2023 and some financial institutions have suggested it will fall into line with the Bank of England’s two per cent target by April. In the same vein, a cut in interest rates (or at the very least, no further increases) should help to instil greater confidence in the business community.
Despite the lingering challenges from a turbulent 2023, there are several reasons for optimism regarding the professional recruitment market in the upcoming year."