UK Hiring Activity

 

UK hiring activity to be back at 'normal' levels as early as January 2021

* The year-to-date UK vacancies for 2020 were processed by an exponential smoothing algorithm, which produced a 15-week forecast.

* Hiring across Britain is still 31% down, but that's up from -68% in April

* If the jobs comeback continues at this rate, 'normal' levels of recruitment by January 2021

* But job ad resurgence may be offset by doubling of unemployment rate by year end; Bank of England forecasts unemployment to hit 7.5% by end of the year

* London hiring stagnates, while North East, Midlands & South West recover fastest

* Huge sector variation: 10 year recruitment high for Logistics & Warehouse jobs; Manufacturing also strong; but a bleak winter expected for Travel & Graduate jobseekers where hiring is still +50% down

* New restrictions mean Hospitality & Catering vacancies could fall further to 75% below normal levels by late spring and into the summer of 2021

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