Reported about 10 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