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Pandemic took a fifth of vacancies & a third of agency revenues, says Broadbean

New data from Broadbean Technology reveals that the global pandemic has led to a 22% drop in vacancy numbers across the UK this year, with London reporting a 32% decline in jobs as a result of the Covid-19 outbreak.

Despite ICT jobs seeing an uptick in demand at various points this year as organisations moved wider activity online, ICT jobs dropped 24% when compared to 2019’s figures.

Broadbean’s data also revealed that at a time when hiring would normally see a seasonal drop, the year-on-year weekly comparisons showed some promising signs. Vacancy numbers for the week ending 20th December were up 4% for the whole of the UK when compared to the same period in 2019.

The pandemic may have had a positive impact on the seasonal lull in some sectors, with employers less concerned about the impact of the holidays on recruitment activity. This is particularly notable in ICT, with these roles seeing a 27% increase in numbers in December when compared to 2019. This is indicative of the continued demand for these experts as remote working remains in place for many businesses.

According to the statistics, other sectors which would usually see a spike in recruitment reported a significant drop. Hospitality jobs were down 55% at the end of December compared to 2019 figures, with sales and trading roles also dropping 7% in the same period as the prolonged closure of shops and hospitality venues continues.

Commenting on the findings, Alex Fourlis, Managing Director at Broadbean Technology said: “In the circumstances, a 22% decline overall suggests that the UK can weather this storm relatively well. The slight uptick in overall hiring when compared to the same time last year certainly paints a picture of the times we are operating in now.

“It would appear that many employers are focusing on hiring as and when needed – and feasible depending on tiered restrictions – meaning that the lull we’d normally expect in the lead up to Christmas hasn’t become a reality this year. However, there are sectors which we’d normally see an uptick in hiring that have been hard hit. The significant drop across hospitality at a time when we’d expect seasonal peaks in recruitment activity will naturally be a concern for those working in what has undoubtedly been one of the hardest hit sectors during the Covid-19 outbreak. And with large sections of the UK now in Tier 4 restrictions, it’s likely that these numbers will remain low for hospitality in particular over the holiday period.”

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