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Reeves' Hiring Constraints
- The UK job market shows a "low-hire, low-fire" freeze as vacancies fall for 39 consecutive quarters to 717,000.
- Hiring remains constrained by rising costs and cautious business practices, especially for graduates.
- UK Chancellor of the Exchequer Rachel Reeves raised National Insurance contributions and the minimum wage, straining hiring.
- Job postings are 19% below pre-pandemic levels, with low-wage roles hardest hit as firms become more selective.
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