Research from LiveCareer finds that economic uncertainty is fuelling concerns about job security and the overall health of the labour market.
By Maggie Mancini
LiveCareer, a career service dedicated to CVs and cover letters, has released its U.K. Employment Outlook Report, finding that more than half (58%) of respondents expect more layoffs in 2025. Additionally, 58% predict the labour market will have fewer job openings; 61% feel job searching will be more difficult; and 63% believe the labour market has become more competitive in 2025.
Three-quarters (75%) anticipate that more U.K. employers will announce return-to-office mandates and 79% feel U.K. salaries are not keeping up with inflation and the cost of living.
When asked about the most important factors when considering a new job, salary and benefits are the top consideration for respondents (76%) but the economic environment and inflation can make it difficult to land a salary that covers the rising cost of the living expenses. The elements most important include:
- salary and benefits (76%);
- work-life balance (69%); and
- job security (56%).
Economic uncertainty is fueling concerns about job security and the overall health of the labour market in the year ahead. Many workers expect increased layoffs and a worsening job landscape, signaling growing unease about employment prospects.
When asked about their biggest concerns with the labour market, survey respondents said:
- cost of living (76%);
- economic instability (53%);
- job security (49%);
- wage stagnation (37%); and
- AI/automation replacing jobs (30%).
