Today’s labour market statistics published by the Office for National Statistics (ONS) show the number of vacancies at 845,000 for August to October 2018, the highest since comparable records began in 2001 – 44,000 more than for a year earlier and 14,000 more than for May to July 2018.
The unemployment rate was 4.1%, slightly higher than for April to June 2018 but lower than for a year earlier (4.3%). There were 1.38 million unemployed people, 21,000 more than for April to June 2018 but 43,000 fewer than for a year earlier. There were 32.41 million people in work, 23,000 more compared with April to June 2018 and 350,000 more than for a year earlier.
Comparing the estimates for employment by nationality (not seasonally adjusted) for July to September 2018 with those for a year earlier, EU nationals working in the UK fell by 132,000 to 2.25 million (the largest annual fall since comparable records began in 1997). Non-EU nationals working in the UK increased by 34,000 to 1.24 million.
Chief Executive of Workforce Staffing, Paul Alekna comments;
UK businesses must work with recruitment partners to innovate and review current hiring strategies. We have an additional 44,000 vacancies to fill versus the same period last year with 43,000 less people readily accessible on the open market and with fewer people entering the UK from the EU 2019 will continue to be a challenge for businesses who are challenging the shape and size of their teams.
A thorough and streamlined approach to not only sourcing but carefully handling applications swiftly is essential if employers are to make the most of any talent that is readily available. People know their worth and with plenty of opportunities it’s imperative employers focus on removing any barriers for new people entering the jobs market that could positively impact their team