Despite the pandemic causing a great amount of job uncertainty and redundancies, recent data shows that applications for roles have reached the lowest level in years.
The latest research, carried out by Broadbean Technology, revealed that the number of people applying for roles in December was the lowest in five years, with 2.2 million job applications made.
There was a 34% drop in the number of people applying for jobs last month when compared to the same time in 2019 and there were 45% fewer applications than in December 2016.
Alex Fourlis, Managing Director at Broadbean Technology commented on the findings, “While 2020 was a year like no other and the impact the pandemic had on vacancy levels comes as no surprise, what is interesting – and perhaps quite unexpected – is that jobseekers were seemingly missing from the market in December.
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Email Jaime“Our data shows a divergence from the normal seasonal fluctuations we see at the end of the year and, due to the effects of Covid and the extension of the furlough scheme, this past December saw a large decline in jobseeker activity. In fact, we saw the lowest applicant rate in five years that was lower than the decline in jobs posted due to the holidays.
“Looking forward, however, it is encouraging to see that 2021 has got off to a good start with vacancy levels up when compared to the middle of December. It remains to be seen how the employment market fares in the coming weeks and months, though. With the vaccination programme in full swing and many employers better able to facilitate remote working we are quietly confident that the positivity we have seen so far will continue.”
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