What happened: Lord Wolfson, CEO of Next, said the company now gets twice as many applicants for entry-level roles compared to two years ago, signalling fewer available positions.
Why it matters:
- Increased competition for entry-level jobs may make it harder for young people to start their careers.
- Businesses and job seekers face challenges in a tighter labour market for junior roles.
MNN Take: Rising applicant numbers for fewer jobs reflect broader economic pressures affecting hiring at the entry level, impacting both employers and new workers.
Sources: BBC Business