Regional disparities in recruitment highlight increasing economic imbalances across the UK. In 2024, London was the only region to see YoY growth, boosting its share of total vacancies from 34.4% to 36.8%.
AI adoption into insurance is accelerating as businesses optimise processes to improve outcomes while streamlining headcounts, with claims in particular being impacted. As a result, despite a year where the sector saw record profits, vacancies have fallen by 11.7% in 2024 compared to the year before.
A new year brings a new government, in both the UK and the USA, with significant policy shifts in both countries.
Recent political and economic developments in the UK have shaped the landscape for professional vacancies in 2024. Following the recent election, renewed government policies have focused on boosting key industries such as technology, financial services, and green energy.
The Midlands’ job market in 2024 mirrors the broader economic challenges facing the UK. Sluggish GDP growth and persistent inflation are influencing employment trends. While investment in infrastructure projects like HS2 supports Real Estate & Construction, Brexit and global market instability continue to impact export-focused sectors.
