New job ads hit a 14-month high as businesses still need to hire.

The Labour Market Tracker, which has been produced by the REC, discovered that there was a boom in new job ads in the UK during the week 6-12 February 2023.

 

Summary:

– There were 256,855 new job postings in the week of 6-12 Feb 2023, the highest recorded since data collection began in January 2022

– This is also 26.8% higher compared to the previous week (30 Jan – 5 Feb 2023) %

– It’s also 22.4% higher compared to the same period in the previous year

– The number of active postings in the week of 6-12 Feb was 1,323,315

– This is a 6.6% increase compared to the previous week

– This is also an 8.5% decrease in comparison to the same period last year

– There were notable increases in adverts for construction trades floorers and wall tilers (+52.7%), painters and decorators (+43.1%), construction operatives (+23.5%) and carpenters and joiners (+22.8%)

– Three out of the U%K’s top ten hiring hotspots during the week were in Scotland: Falkirk, East Dunbartonshire and South Lanarkshire

– Three out of the UK’s bottom ten hiring hotspots were in Wales: South West Wales, Gwynedd and Powys

These statistics and figures suggest that while volatile, demand for employees continues to remain high.

 

Other things to note were that:

– Driving instructors (-23.4%), weighers, graders and sorters (-22.3%), veterinarians (-21.3%), packers, bottlers, canners and fillers (-17.3%), and veterinary nurses (-16.6%) saw the greatest weekly decline in job adverts

– Falkirk (+16.3%) saw a larger growth in job adverts in the week of 6-12 Feb 2023, followed by Tower Hamlets (+15.5%), Walsall (+15.4%), and Solihull (+14.6%)

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