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UK Job Vacancies Soar to Record High as Payrolls Bounce Back to Pre-Covid Levels

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Newspaper clipping. Jobs vacancies under magnifying glass

UK employers are jostling to hire staff amid broad labour shortages after lockdown helped to return the number of workers on company payrolls to pre-pandemic levels in August.

Source: Office for National Statistics.

 

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The number of workers on payrolls increased by 241,000 from August to 29.1 million, while unemployment dropped to 4.6% in July from 4.7% the month before, matching analyst’s expectations.

In the latest quarter ending July 2021, there was a quarterly increase in employment rate of 0.5%, to 75.2%, and a decrease in the unemployment rate of 0.3%, to 4.6%.

Jonathan Athow, ONS deputy national statistician, stated that the overall employment rate continues to recover, more so among young workers who were hard hit at the onset of the pandemic.

Vacancies expanded in the quarter in June to August 2021 by 269,300(35.2%). Average total pay revealed 8.3% growth in May-July this year.

The number of job vacancies in the United Kingdom increased from 764,000 in March-May 2021 to 1.03 million in June-August of this year. The largest job demand was observed in the hotel and restaurant sector.

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