UK labor market conditions are weakening: payrolls fell by 94,000 year over year, vacancies dropped to 707,000 and unemployment rose to 4.9%. Vacancies are now

UK labor market conditions are weakening: payrolls fell by 94,000 year over year, vacancies dropped to 707,000 and unemployment rose to 4.9%. Vacancies are now at their lowest level outside Covid since 2014, with hiring costs cited as a drag on small firms.