October 20, 2021
Markets

‘Buoyant’ UK jobs market creates record number of vacancies

UK employment updates

Job vacancies in the UK have reached a record high as the labour market rebounded from the effects of the pandemic, with growth in recruitment surpassing economists’ expectations in the three months to June.

The number of people in employment rose to 32.28m in the second quarter, up 95,000 from January to May, the Office for National Statistics said on Tuesday.

The jump in recruitment beat the 75,000 forecast by experts polled by Reuters and marked the strongest quarter of growth since Covid-19 restrictions were first imposed. The increase pushed the headline unemployment rate down to 4.7 per cent.

“The world of work continues to rebound robustly from the effects of the pandemic,” said Jonathan Athow, ONS deputy national statistician for economic statistics.

The…

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