Longest Jobs Downturn for Two Decades But We’re Here to Help

Britain’s jobs market is now in its longest downturn since the early 2000s – surpassing the slumps brought about by the pandemic and financial crisis.

Worrying figures from the newly-released S&P Global UK Purchasing Managers’ Index (PMI) show employers have reduced headcount for a 24th consecutive month.

The influential PMI survey found firms reporting heavy pressure to cut costs – driven by rising energy prices, red tape, minimum wage hikes, National Insurance increases, and persistent inflation across business expenses – along with a growing number saying that they need fewer workers due to investment in AI.

There was some more positive news in the report, which found the reduction in overall job numbers has slowed down and that, while service-based businesses are hurting, manufacturing employment has shown resilience with modest job gains in the sector.

Responding to the data, Chris Williamson, Chief Business Economist at S&P Global, said: “We are seeing a worrying combination of disappointingly sluggish economic growth and intensifying inflationary pressures.”

At Work Avenue, we see this first-hand every day. The need for our services – helping people find jobs, build businesses and earn a living with dignity – is now greater than ever. In the first half of this year, more than 3,000 people came through our doors.

So if you’re struggling in this jobs market, then we are here to help.

Whether you’re looking for your next role, returning to work, facing redundancy or simply unsure about your next career move, our team can provide practical, personalised support.

From 1:2:1 career guidance and advice on CVs, applications and interviews, to our training courses, workshops and in-work support, we can help you take the next step with confidence.

Plus, we have our own Jobs Board – currently advertising more than 100 vacancies – and a Recruitment Service that connects candidates directly with organisations that are hiring.

All of this support is FREE. Just get in touch to find out how we can help you get back into work, develop your skills and move forward in your career – even in these toughest of times. To explore our all the events and workshops we have on offer, click here.