Latest figures show that the number of new job adverts has risen significantly in the UK as businesses returned to hiring after the Easter break.
The Recruitment & Employment Confederation (REC) and Lightcast’s Labour Market Tracker shows that there were 189,832 new job postings in the week of 17-23 April 2023 – 31.8% higher compared to the week before.
Neil Carberry, Chief Executive of the REC, said, “Smoothing out week-to-week volatility driven by bank and school holidays, we can see that there is a relatively stable pattern of demand in the labour market, with 180,000 to 200,000 new vacancies every week and more than 1.4 million active job adverts.
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Email Jaime“What we are beginning to see, however, is greater variation in demand. Our members report that vacancies have weakened somewhat in the big sectors which have been strong since onset of the pandemic – logistics, driving and food – while the market remains healthier elsewhere.
“Likewise, the growth in adverts for collector salespersons and credit card agents shows the effects of the cost-of-living squeeze, as consumers switch behaviour towards lower-cost shopping and spread out payments more.
“This changing picture makes ensuring workers can find their way to sectors where demand is high all the more important. Unless business and government act on this it may cost the UK economy up to £39 billion per year from 2024 – the equivalent of two Elizabeth Lines.”
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