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UK online job adverts rise by 4% in early March - ONS

 The number of online job adverts in Britain increased by 4% in the week to March 3 compared with the previous week, but was 20% lower than a year earlier, the Office for National Statistics said on Thursday.

UK online job adverts rise by 4% in early March - ONS
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The Bank of England (BoE) is closely monitoring Britain's labour market for signs of further inflationary pressure.

Thursday's data - which the ONS gets from job search engine Adzune - echo other mixed signals about the labour market.

A shortage of workers has intensified following Brexit and the COVID-19 pandemic, and the ONS said 27% of businesses with at least 10 staff reported worker shortages in late February, similar to the 28% reported in early January.

Other indicators of the wider economy, including consumer confidence and business surveys, have shown improvement, easing worries about a lengthy recession.

The ONS said that spending on debit and credit cards rose by 3 percentage points in the week to March 2 compared with the same week in 2022.

Read more at Reuters

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