Job market forecast for 2025?

[Omega]

Fascinated by this thread as I have absolutely no idea what anyone's talking about.

I guess then we should not break the magic

 

[Omega]

I suspect the contractors’ market was tough, but now the government put tough conditions on employers. This may level things out, though at worse conditions for the business. Guess this is how you do things by not fully killing contractors’ market

 

[foxy]

We can only deal with the hand we are dealt, play the cards we have well and ignore the ones we don't have. I am having to change too.

Nailed it. I was a money chaser, the rigs in Singapore, the mines in Indonesia, and the Cooper Basin gas fields.
I took less money contracting through an agency as my wife didn't want me working away. When the agency started paying me when they didn't have any work for me that is when I decided it was better to have people working for you.
Change, move the goalposts, and look for other opportunities, there is plenty of scope out there.

 

[MashBag]

It is true that contracts always pickup first.

But that is the first sign of a rising market. Imo we are not there yet.

 

[MashBag]

. I was a money chaser

I was too, but nothing lasts forever. I set up another game, and swapped out.

 

[Omega]

Nailed it. I was a money chaser, the rigs in Singapore, the mines in Indonesia, and the Cooper Basin gas fields.
I took less money contracting through an agency as my wife didn't want me working away. When the agency started paying me when they didn't have any work for me that is when I decided it was better to have people working for you.
Change, move the goalposts, and look for other opportunities, there is plenty of scope out there.

And what other opportunities are there? I see some, but it seems to me contracting pays more even with breaks. I want a second income, but it can either distract too much from the main work, or the pay is not great

 

[foxy]

And what other opportunities are there? I see some, but it seems to me contracting pays more even with breaks. I want a second income, but it can either distract too much from the main work, or the pay is not great

It is for you to recognise. It doesn’t have to be in the field of work you are in.

 

[Justin Dean]

Asked Google AI and this is what I got:
The UK economy's 2025 forecast varies depending on the source, with some predicting growth of up to 2% and others predicting growth of around 1.5%:

• Office for Budget Responsibility (OBR): The OBR's October 2024 Economic and fiscal outlook forecasts 2.0% GDP growth in 2025.
  
  
• Treasury: The Treasury's November 2024 survey of independent forecasts predicts 1.3% GDP growth in 2025.
  
  
• EY ITEM Club: The EY ITEM Club Autumn Forecast predicts 1.5% GDP growth in 2025.
  
  
• CBI: The CBI's economic forecast anticipates 1.9% GDP growth in 2025.
  
  

I do not believe, this no pay rises, no recruitment, dead as dodo economy growth on its way. Then pension contributions will be targeted, even less growth opportunity. Wait see what happens, hope I am wrong but it looks obvious

 

[Graz]

I'm a embedded software coder in the Aerospace industry, we're trying to recruit for a few roles at the moment which is never that easy, I think mainly because of where we're located which is not so close to Bristol/Swindon/Cambridge/London/etc. The roles are quite specialised as well.

What I have noticed is we've had a few more contractors than usual apply. My boss is wary of this and convinced if the market improves any we've employed would be off like a shot.