Is there light at the end of the tunnel on the jobs front?

Following an unprecedented and traumatic 2020, with the jobs market being devastated due to the Covid-19 pandemic, we have seen a slight cause for optimism thanks to the latest KPMG/REC Report on Jobs.

For the first time since the beginning of the pandemic in the UK, survey respondents have recorded an increase in both the number of new permanent and temporary vacancies over the previous month. The increase in the number of contract vacancies has been much more dramatic than the permanent side of things, which highlights the fact that employers are still looking at the short term, and lack confidence to invest in permanent members of staff. It is a positive sign, however, that employers are slowly starting to look at recruiting additional staff on the permanent side, and bodes well for 2021.

It is going to be incredibly interesting to see if this trend continues, particularly in light of the latest lockdown restrictions in the UK.

Unfortunately, it is not all good news as the overall number of vacancies is down by 32% from Q4, in comparison to the same period in 2019. In certain areas such as retail, hospitality and catering, and executive/senior roles, the trend for new vacancies on both the permanent and contract side is still downwards.

We should be positive and hope that the increasing trend continues over the next few months – watch this space.

For further information about the results of this report contact Liam O’Connell

Is there light at the end of the tunnel graphic