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New job adverts have hit a 14-month high, with 256,855 new roles posted in the first week of February – 22.4% higher compared to the same time a year earlier.

The Recruitment and Employment Confederation (REC) and Lightcast’s latest Labour Market Tracker revealed that occupations with notable increases in job adverts include:

  • Floorers and wall tilers (+52.7%)
  • Painters and decorators (+43.1%)
  • Telephonists (+23.9%)
  • Construction operatives (+23.5%)
  • Carpenters and joiners (+22.8%)

Neil Carberry, Chief Executive of the REC, commented, “Employers are still looking to hire, even in a slower economy. In part, that is driven by shortages – but it is also likely to be a reaction to a stronger-than-expected start to the year.

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“It is still a good time to be looking for a new job, to open up opportunities and boost pay. But for businesses it is more challenging than ever – that is where working with the right professional recruiter comes in.

“The entrenched labour shortages that are driving this buoyant labour market are not sustainable for our economy and likely to damage economic growth.

“The economy stands to lose up to £39 billion in GDP every year from 2024 unless businesses and governments act on labour shortages. We hope the Chancellor will put people issues first in his Budget next month by addressing key issues, such as childcare, skills and infrastructure.”

To find out more about contracting please contact Mahli on 01206 591 000 or email mahli.tugby@contractorumbrella.com.

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