Recruitment Picks Up in UK, But Still Below Pre-Pandemic Levels

A recent survey by the British Chamber of Commerce (BCC) reveals that recruitment across the UK has improved from the previous quarter but continues to remain lower than pre-pandemic levels. The Quarterly Recruitment Outlook survey indicates that 37% companies looked to recruit workers in Q3, up from 25% in Q2 2020, but well below Q1’s level of 55%.

The survey, which was conducted in partnership with Totaljobs, also reveals that overall vacancies on the website currently stand at around 68% of their pre-pandemic levels. The most optimistic industries looking to recruit workers in the UK were construction and transport/distribution with 48% and 44% firms respectively most likely to hire more staff.

62% of the companies that participated in the survey anticipated no change in the number of their workforce in the coming quarter, while 20% expected to reduce the number of staff. On a slightly positive note, the reading has improved since Q2 when 29% firms were planning to downsize their workforce.

Director General at BCC, Adam Marshall, observes, “Our results continue to highlight big shifts in the UK labour market as a result of the pandemic. Given the scale of the challenge, it is vital that business and government work together on retraining and re-skilling the UK workforce.”

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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