🌐 Global Economy Aug 6, 2026 · BankUnderground

Canaries in the column? AI exposure and the UK’s hiring slowdown

Bank of England Blog
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Canaries in the column? AI exposure and the UK’s hiring slowdown
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Haley Schlicht







From Silicon Valley executives promising to automate white-collar work to headlines claiming AI is foreclosing the graduate entry market, the strained ‘low fire, low hire’ environment has increasingly been ascribed to technological transformation. UK vacancies nearly halved since their 2022 peak – a contraction so sustained it has reshaped the British hiring market for the better part of three years. This post examines how evidence of AI-driven transformation at

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