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C
ompanies in the UK are holding back on hiring new workers or replacing employees as the country faces an unstable economy, rising costs, and tariffs, the BBC reported.I
n May, job vacancies in the UK fell by 63,000 to the lowest rate since March 2021. Meanwhile, unemployment ticked up to 4.6%, and is expected to continue rising. Businesses are trying to offset expenses as they navigate increased taxes, and an uncertain tariff situation with the US, according to the Guardian.&
ldquo;There continues to be a weakening in the labor market,” said Liz McKeown, director of economic statistics at the Office for National