Number of Brits on furlough falls by 1.3m to lowest level this year June 3, 2021 Furlough numbers have dropped to their lowest level this year, as those needing the scheme fell to 3.4m. Official figures published today showed that 1.3m fewer employees accessed furlough across March and April, with the biggest falls in workers aged 24 and under. Since the start of the pandemic, more than 11.5m employees have been [...]
Analysts warn of post-furlough job cuts wave and oldest will struggle most May 18, 2021 The economic mood was warm this morning as new data showed that Britain’s unemployment rate unexpectedly fell to 4.8 per cent between January and March. London’s FTSE 100 reacted with a 0.8 per cent leap but not all analysts were convinced that the data was a sign of long-term prosperity for the UK jobs market. [...]
UK unemployment rate unexpectedly falls to 4.8 per cent May 18, 2021 Britain’s unemployment rate unexpectedly fell to 4.8 per cent between January and March, official figures showed this morning. Economists had expected the unemployment rate to hold at 4.9 per cent during the first quarter of the year, given that the country was in lockdown. The rate of employment in the UK increased for the fifth [...]
Jobs optimism among employers soars to eight-year high May 17, 2021 Optimism among UK employers has hit an eight-year high, with all sectors expecting a post-Covid jobs recovery, according to a new survey. Jobs in the public, private and voluntary sector are all set to surge and pay prospects have also improved, according to the latest labour market outlook report from the Chartered Institute of Personnel [...]
Huge spike in recruitment as permanent jobs up 90 per cent year-on-year May 13, 2021 The number of permanent roles available in April was up 90 per cent year-on-year, as the UK got ready to emerge from more than a year of falling in and out of coronavirus restrictions. Permanent vacancies were up 90 per cent year-on-year last month, while contract roles were up 83 per cent, according to data [...]
One in three Londoners suffer income drop during pandemic, study finds May 8, 2021 Almost one in three Londoners experienced a fall in income during the pandemic, the joint highest of any region in the UK, new data has shown. The income pressure was driven by the disruption inflicted on retail and hospitality throughout the Covid crisis, according to research gathered by consultancy firm Lane Clark & Peacock (LCP). [...]
Vacancies explode at fastest rate in 23 years as easing of lockdown restrictions boosts confidence May 7, 2021 Hiring activity rose sharply for both temporary and permanent staff in April, as the UK began to emerge from its third national lockdown and more parts of the economy reopened. Overall vacancies expanded at the fastest at the quickest rate for 23 years, according to data compiled by KPMG and REC. Demand for permanent staff [...]
Fears of new variants drives FTSE down two per cent April 20, 2021 London’s main market plunged two per cent today, wiping out last week’s gains amid a bad day for big tobacco. The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points. The drop pushed the FTSE 100 back through the symbolic 7,000 point mark it smashed last [...]
Young people hit disproportionately by Covid jobs crisis April 20, 2021 Those aged under 35 disproportionately lost their jobs as a result of the coronavirus pandemic, as sectors like hospitality and retail were hit particularly hard by the crisis. In the year to March, nearly 635,000 under-35s saw payroll job losses in the UK, making up 80 per cent of the total payroll jobs lost during [...]
Legal & General: Jobs and affordable housing must be ‘centrepiece’ of levelling up agenda April 19, 2021 The provision of jobs and good quality affordable housing will define the UK’s Covid recovery, according to a new report. The Legal & General Rebuilding Britain Index (RBI), launched today, shows that measures to support the UK’s recovery cannot be unform, with different regions and communities needing to level-up in different ways. According to the [...]