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Quarterly Recruitment Outlook: Hiring Headaches And Labour Costs Loom Large

Over three quarters (76%) of firms attempting to recruit faced difficulties Firms in the hospitality sector remain the most likely to report challenges in hiring staff (82%) 68% of companies say labour costs are a financial pressure 59% of companies attempted to recruit in the quarter The latest Quarterly Recruitment Outlook (QRO), a survey of nearly 5,000 UK firms of all sectors and sizes, by the British Chambers of Commerce (BCC) Insights Unit, reveals that the labour market remains tight for most firms.

BCC press release: Latest ONS trade data (November 2023)

The UK trade picture in detail There has been a steady performance for UK services exports in 2023 but this latest data shows a further decline in UK trade in goods, for both imports and exports. This is mainly due to a decline in trade flows with the rest of the world. The trade surplus in services declined slightly in the three months to November, but the trade in goods deficit widened slightly.