The UK’s job vacancy has hit a record high, and companies are looking for new hires as the economy recovers from the worst of the pandemic.
Labor demand appears to be increasing given the labor shortage in certain sectors, leading to empty supermarket shelves and the recent fuel crisis.
The employment rate rose by 0.5% to 75.3% in the third quarter, while the unemployment rate fell by 0.4% to 4.5%.
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How many vacancies are there in the UK?
According to the Office for National Statistics, there were 1.1 million jobs in the UK in the three months to September.
This is the highest level since records began in 2001, representing an increase of 318,000 digits.
The number of employees on UK payrolls also rose 207,000 to a record 29.2 million.
The hospitality and catering sector vacancies rose by nearly 50,000 as the UK hospitality industry is near normal after the lockdown.
Why are there so many jobs?
Companies from different sectors will look for employees when economic conditions normalize.
Many companies will have postponed the hiring until there was more certainty about the future – and when they could be reasonably certain that there would be no further bans.
With case numbers generally remaining stable in the UK, many employers will no doubt be more confident and hire new staff in the months ahead.
The post-Brexit migration restrictions mean there are vacancies in a number of industries – including freight forwarding and hospitality – as it is not as easy to hire a European workforce as it used to be.
Companies in the freight forwarding industry are finding it particularly difficult to fill these positions, which has exacerbated supply chain pressures and bottlenecks in recent weeks.
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