Coronavirus and UK Job Postings Through June 12: Data from Indeed
UK job postings trend remains depressed, but childcare vacancies rising as more people go back to work.
This post is updated as of 15th June 2020. We will continue to update these trends regularly as we track how coronavirus impacts the global labour market.
The latest Indeed job postings data continues to indicate a weak UK labour market picture. Overall postings were down -61% on last year’s trend as of 12th June, the same gap in trend as in the previous two weeks. While hiring recoveries are underway in a number of other countries, the UK continues to lag and is yet to see a similar uptick in overall job vacancies.
Childcare hiring on the rise
Looking at week-to-week movements in job posting trends across different occupations gives us a sense of where opportunities are arising as the economy reopens. In the latest week, childcare saw the strongest rise, up 6.2 percentage points. Though childcare is still running well below last year’s trend (-57.8%), roles are now increasing. Nurseries and preschools have reopened, while some of the hiring has been for nannies as more parents return to workplaces or need childcare while continuing to work from home.
Other categories to see improvements in the latest week were loading & stocking, customer service and beauty & wellness. Non-essential retail stores were allowed to reopen on 15 June and beauty salons will potentially be allowed to reopen in July. While job postings continue to run well below last year’s trends in all these categories, we’ve seen an uptick in searches for terms related to retail as jobseekers anticipate more opportunities.
Conversely, some of the sectors where hiring has held up best during the crisis, but where it has been tailing off more recently, were among the biggest fallers. Personal care & home health (-4.4%), nursing (-3.7%) and physicians & surgeons (-3.0%) saw among the sharpest weekly drops.
We will continue to provide regular updates on these trends as the situation evolves.
To measure the trends in total job postings, we calculated the 7-day moving average of the number of UK job postings on Indeed. We indexed each day’s 7-day moving average to the start of that year (1 February 2020 = 100 for 2020 data, and so on), or another date if specified on the chart.
For each country we report how the trend in total job postings this year differs from last year, in order to focus on the recent changes in labour market conditions due to COVID-19. For example: if job postings for a country increased 30% from 1 February 2019 to 12 June 2019, but only 20% from 1 February 2020 to 12 June 2020, then the index would have risen from 100 to 130 in 2019 and 100 to 120 in 2020. The year-to-date trend in job postings would therefore be down 7.7% on 12 June (120 is 7.7% below 130) in 2020 relative to 2019.
Information is based on publicly available information on the Indeed UK website (and other countries named in this post), limited to the UK (and those countries), is not a projection of future events, and includes both paid and unpaid job solicitations.
Jack is an Economist on the Indeed Hiring Lab who focuses on the UK/Ireland labour market. Before joining Indeed, Jack was a senior economist at Nationwide Building Society and prior to that at global information provider IHS Markit. He holds an MSc in finance and economic policy from SOAS, University of London and a BSc in economics and finance from the University of York.