OPINION - James Reed: 'The lack of jobs is part of a catastrophic and permanent change to the market'
At the beginning of this year, I saw something in the jobs market I’d never seen before in my 30-plus years in the recruitment business. The economy was growing, yet jobs vacancies were shrinking. This is not normal. Usually when the economy is growing, this goes hand in hand with job creation – but not this time. It’s particularly bad in London. The capital has, it was announced last week, the highest jobless rate in the country, hitting an 11-year high.
At the beginning of this year, I saw something in the jobs market I’d never seen before in my 30-plus years in the recruitment business. The economy was growing, yet jobs vacancies were shrinking. This is not normal. Usually when the economy is growing, this goes hand in hand with job creation – but not this time. It’s particularly bad in London. The capital has, it was announced last week, the highest jobless rate in the country, hitting an 11-year high.



