Reported about 6 hours ago
Young Britons seeking employment are facing the toughest job market since the Covid pandemic, driven by tax hikes and rising AI influence. Job postings for entry-level positions have dropped significantly, falling 4.5% in July, with only one-fifth of all vacancies now comprising these roles. The youth unemployment rate has risen to 14.1%, as employers pause hiring due to increased payroll costs and new minimum wage regulations. Additionally, the demand for graduate jobs is declining faster than entry-level roles, indicating a significant change in hiring trends.
Source: YAHOO