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What can employers take from the latest migration statistics?

Earlier this month we blogged on the CIPD's latest quarterly labour market snapshot which found that the number of applicants per vacancy had significantly decreased across all skill levels in the last 12 months. The ONS has now released its August quarterly report on the UK migration statistics for the year ending March 2018 and the report highlights some interesting shifts in the patterns of EU migration in and out of the UK.
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What can employers take from the latest migration statistics?