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London sees job vacancies rise 36% week-on-week

Job vacancies were down 4% in the week ending 24th May, the slowest decline in jobs in May so far. This is according to Broadbean Technology. In London, vacancies were up 36% week-on-week.

Permanent hiring was down 5% week-on-week while temporary contracts were down just 3%. In the sales and trading sector, there was a 10% week-on-week increase, highlighting the preparation for the reopening of non-essential shops, in line with the government’s plans.

Alex Fourlis, managing director at Broadbean Technology, commented, “As the Government continues to unveil plans to get the nation back to work again, there are tell-tale signs to look out for that suggest we’re ready to kick-start the economy – and the uptick in sales and trading vacancies is one such indicator. And given the impact the May holidays usually have on hiring numbers, even a small decline in job numbers at this time can be considered a positive sign.

“As a country we are, of course, in it for the long-haul with the effects of Covid-19 set to impact our economy for years, but signs that Britain is starting to sell – and hopefully buy – again suggests a level of positivity that many will welcome. However, for employers, the challenge now is to find the staff able to get back into the saddle again, with a significant proportion of the workforce unable, and perhaps unwilling, to return to the workplace as they seek to keep the vulnerable people they live with, and care for, safe. As the lockdown eases, we can expect to see more demand for temporary professionals to step in for these people to support the re-opening of businesses.”

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