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London sees vacancies fall 23% week-on-week

London saw vacancies fall 23% in the week ending 10th May 2020 whilst across the UK in general, the drop was less severe, at 9%, according to Broadbean Technology.

Some sectors, however, continue to grow, with the ICT sector seeing a 48% increase in job postings week-on-week. This rise in demand could be connected to the increase in people working from home, and the extra support and services needed in response to this.  

Freelance recruitment also rose, up 43% week-on-week as companies continue to look for non-permanent ways of hiring staff.  

Alex Fourlis, managing director at Broadbean Technology, commented, “We saw a lot of speculation in the lead up to the Prime Minister’s announcement of how the UK will come out of lockdown measures which no doubt added to the drop in vacancies across London and the rest of the country. While the nation takes a ‘wait and see’ approach with some returning to work in the hopes of bolstering the economy, businesses that perhaps hadn’t completely moved to the Cloud during the first stage of lockdown are now certainly taking the steps they need to, adding to the growing demand for ICT professionals. And we expect this will only continue to increase over the coming days and weeks as more organisations adapt places of work to meet social distancing rules. As we get through the first few days of ‘return to work’ for some, we predict there will be an uptick in hiring across some crucial industries over the next week and will be closely monitoring vacancy levels.”

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