Labour have ruined the job market

[Needajobforspouse]

My spouse was made redundant in November, has done some bid work since then (e.g zero contract parcel delivery) but not enough to make up his old salary. He has job alerts and this week there was ZERO jobs advertised that meet his qualifications.

Nobody is hiring.

I work for an SME, and I am also at risk and in bad health. Not enough for PIP etc but enough to make me unreliable (recently diagnosed as immunocompromised).

Not even the local supermarket is hiring, and they won’t touch my DH anyway as he is massively over qualified (I know a supermarket manager and they don’t take on over qualified people as they are “hard to manage” and don’t stay long term.).

yesterday our car broke and we used the last of our savings for a new one, my roof is leaking. My bay window is leaking and I just feel like giving up.

just dreading this year of shitty government policies that pick on the middle income earners and penalise us, is this life? Because if so I hate it.

also where are all the jobs?! Literally zero here in northern England.

*employers cannot afford the 10% increase.

Of course they can’t FFS.

but if business are that squeezed for profits, then the concept of modern business is not possible when they have to pay proper wages vs relying on cheap labour to run a business ?

but at the same time it proves then that these businesses are not viable when they have to pay a proper wage, why should any business be able to make profits by paying cheap wages etc,

Tesco, Sainsbury’s, Next

Tesco = projected £2.9b in profit. Their projected dividend payout is up 10% from last year.

Sainsbury's = projected £1.06b in profit. (3 times that when you take their fuel business in to account)

Next = projected £1.05b in profit.

None of these companies will suffer because of the NI increase.

covid proved society only needs the esential companies to keep society operating the rest of the businesses are un necessary, lets be honest manufacturing with 10 different brands of kettles, 100's of different car types etc, no wonder society is wasting resources

Yeah, you’re just making that up @BoredZelda.

Please enlighten us on your unique insight that tells you global forms were already planning recruitment freezes, rather than it being a clear consequence of Reeves loading an additional 10% cost per employee. I work for a global firm. We were planning headcount increases until they were frozen following Reeves’ budget.

They are not Increasing wages that employees receive, they are hiking the tax that employers pay per employee. There is no benefit to the employee here. The opposite - there is a detriment on Joe Public because the employers have to sack/freeze employees in order
to afford the tax. Economic Armageddon.

No but we will all suffer when they shit up shop because they cannot make a profit.

true but then it shows that the business itself is not viable just because a tax rise suddenly puts it into negative profits

Same in the East Midlands. Nothing! After Covid there were loads. Now, absolutely nothing. No McDonald’s, restaurants, bars, supermarkets, clothes shops, coffee shops. None!

@Needajobforspouse here you go marketing jobs, just filter for location:

https://www.charityjob.co.uk/jobs?keywords=Marketing+jobs&UserHasGrantedBrowserGeoLocationPermission=No

We are not talking about a 1% increase here @Cupcakes2035. No businesses would have planned for an unexpected 10% cost increase per employee in one fell swoop. Of course they didn’t. No business ever would. It’s ridiculous, of
course the job market is impacted.

I do not agree with all this Rachel from accounts misogynistic bullshit, but her budget was catastrophic for the jobs market and she was warned. This is down to her.

but at the same time it shows we need a new business model, if businesses are running that close to profit or no profit etc, which seems on of the flaws of capitalism, cheap labour to even stand a chance at making profits

Yeah, you’re just making that up @BoredZelda.

Making what up? The figures I posted come from the Retailers own reporting.

The situation at my company is as described. We will face an additional £36k wage bill. We have no plans to cut staff, we are actually actively recruiting as our workload is crazy. We are currently reviewing annual pay rises and the directors have no intention of giving less than last year.

Please enlighten us on your unique insight that tells you global forms were already planning recruitment freezes, rather than it being a clear consequence of Reeves loading an additional 10% cost per employee. I work for a global firm. We were planning headcount increases until they were frozen following Reeves’ budget.

Call it being over 50 and having seen this stuff both from the inside and the outside whenever this kind of thing happens. In media they call it "a good day to bury bad news" Using a controversial policy or economic blip to do some cost cutting is business sleight of hand 101.

No organisation who is making billions in profit is freezing staff recruitment because they are afraid their business is in trouble. If businesses are cutting costs here, it is because they are protecting shareholders. Let's put the blame where it actually belongs.

That’s been the case for years. Also - agency work is better than nothing as a stopgap.

but her budget was catastrophic for the jobs market and she was warned.

And yet, as a nation we are still at what would be considered full employment.

Both parties have made mincemeat of the economy. But more than anything else I believe it's a reflection of broader international instability.

Are you joking @BoredZelda? The jobs market is contracting at the fastest rate I have seen in the last 20 years. Redundancies, closures and employment freezes as far as the eye can see. I don’t think we are living in the same UK.

thats the other issue, govt want as many in work yet businesses cannot make profits so whats left to do with all the people etc

It's taxing employment not profit. It's all terrible.

But it's contracting from a historic high. Unemployment is pretty low and vacancies are in line with pre-pandemic and 40% higher than 10 years ago.

We're coming out of a massive labour shortage but that's not the same as the market being bad.

The market is beyond terrible @ThinkAboutItTomorrow. All the jobs are being withdrawn because the employers can’t afford it. There are no jobs.

There are 816000 jobs. Slightly above 2019 and miles above the early 2010's.

Our unemployment rate is the average of g7 countries.

The forecast for 2025 is a slight uptick in unemployment from 4.4% to 4.7%.

Compared to 8% in 2011 I don't see the panic?

Miminum wage jobs @ThinkAboutItTomorrow. All the decent jobs are on freeze.

The majority of those jobs will require top ups via working tax credits @ThinkAboutItTomorrow. From taxpayers because labour has fucked the jobs market.