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UK Posts ‘Record 3.5 Million Job Ads’ Ahead of Christmas Peak Demand | business news




A closely watched report shows that the number of jobs in the UK hit a new record at 3.5 million ahead of the Christmas peak. This is double the figure seen in the summer.

The Confederation of Employment and Employment (REC) said last week that the UK’s labor shortage showed no signs of easing, resulting in a particularly strong demand for guards, scaffolds, dentists and veterinarians.

The latest official data shows the 1.3 million vacancies level for October, but REC says the number of active job ads has increased from nearly 1.7 million in the summer.

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5:32 Manpower shortage due to labor shortage

It reported that around 210,000 new jobs were posted last week alone and there are currently 3.51 million roles advertised.

Here is a list of the 6 most in-demand jobs over the past week, according to REC Job Ads data.

• Nurses – 155,520

• Programmers and Software Development Professionals – 124,346

• Caregivers and home caregivers – 100,916

• Primary and Child Care Education Specialists – 68,824

• Sales and Retail Assistants – 64,883

• Chef – 59,743

The labor crisis has been blamed for multiple factors hampering hiring due to a combination of COVID pandemic-related shortages and post-Brexit restrictions to address immigration.

For example, we have documented a manpower shortage that plays a key role, such as slaughter, which threatens Christmas turkey production.

The shortage of HGV drivers has been a major cause of supply chain disruption.

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0:47 Sunak welcomes falling unemployment

Another reason many sectors are struggling to find employment is that employment in the UK has been well maintained thanks to unpaid leave, with an unemployment rate of just 4.3%.

The labor shortage has contributed to the surge in wage demand.

“There is no sign of a slowdown in job ad growth as we approach the Christmas peak,” said Neil Carberry, chief executive officer of REC.

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3:52 Big Ideas Live: Job Market Research

“We will have to wait and see how the news about the Omicron variant this week will affect the market. The hospitality sector is most likely to slow consumer confidence.”

He added: “It’s almost a candidate’s market right now. Businesses need to think more than ever about how to attract employees who are facing fiercer competition.”




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