The job market has remained stable since mid-August with between 1.39 and 1.5 million active job adverts, REC data shows.

According to the figures from REC and Lightcast’s latest Labour Market Tracker, there were 216,257 new job postings in the week of 14-20 November.

This marked a vacancy increase of 40.6 per cent compared to 17-23 October, and was only 0.4 per cent lower than the week of 10-16 October.

Sam Alsop-Hall, chief strategy officer at Woodrow Mercer Healthcare, said the figures imply that the “new year new me job rush has begun” but warned employers that an uptick in vacancies could see an increase in resignations.

“The traditional job market always peaks in December, but the cost of living crisis, post-pandemic hybrid vs office based working and consolidation and rebalancing activities of companies, before a recession, has meant people are on the move more than ever,” said Alsop-Hall.

He warned that employers need to ensure their employee value proposition (EVP) is “water tight, otherwise you’ll come back from the festivities with notice letters on your desk and be in a war for talent that you didn’t want to be involved in”.

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