Demand for workers from British employers soared this month at the fastest rate since the late 1990s as much of the economy reopened following the latest coronavirus lockdown, a survey of recruitment consultants showed in a recent report.
The monthly index of demand for staff from the Recruitment and Employment Confederation (REC) and accountants KPMG rose this month to its highest level in just over 23 years. Permanent staff placements grew at the fastest rate since October 1997.
Jobseeker trends in the UK
Non-essential retailers in England reopened on April 12 along with pubs and restaurants operating outdoors, and from May 17 more restrictions are due to be lifted to allow indoor hospitality, performances and sporting events.
While the labour market remains a long way from its pre-pandemic state, the REC survey adds to signs that a swift recovery is underway, helped by Britain’s swift roll-out of COVID-19 vaccines. “We are bouncing back from a record low – and many people are still struggling – but the data shows that job creation is firing up again,” said Neil Carberry, REC’s chief executive.
Unemployment figures lower than expected at 5.4%
“The message for government and employers alike is that the long-term challenge is less likely to be high unemployment than attracting and training enough staff to keep our economy firing.” The survey came a day after the Bank of England said it now expected unemployment to rise only slightly to a peak of 5.4% in the third quarter of this year.
Time Appointments recruitment consultancy has bolstered its senior ranks amid rising demand for our services, please do get in touch with us directly, whether you are a client looking to fill a position or a candidate seeking that new dream job, Time have got time for you.
Positive signs in the recovery
The professional recruitment sector is seeing massive spikes in year-on-year vacancy and placement figures as the UK gets back to business.
Employers are continuing to see the importance of the professional recruitment sector as partners in their plans to upskill for the recovery. This is also borne out by the rise in sales revenue from placements for the recruitment sector which was up 97% year on year for permanent roles and 64% for contract.
Businesses are now looking for outstanding candidates that stand out from the rest. They are looking for those that will innovate, integrate and become part of their all important teams.
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