UK vacancies jump 16% in March; travel and tobacco stocks fall – business live | Business -

UK vacancies jump 16% in March; travel and tobacco stocks fall – business live | Business


Single-month figures suggest that job vacancies began to grow again in March 2021, rising from 562,000 in February to 650,000.

This 16% increase was likely in anticipation of lockdown restrictions lifting. Last month’s rise in vacancies came after a 3% contraction in February, and takes the number of vacancies to its highest level since March 2020.

The biggest rises were seen in professional services, construction and hospitality. The hospitality industry in particular will have been recruiting in the hopes of a large resurgence in demand as outdoor venues were permitted to open on 12th April. Despite the fall in March payrolls, this increase in vacancy levels suggests that employment levels will rise again as social distancing is eased.



Source link

Subscribe to Infrabuddy Newsletter
Subscribe