Coronavirus and UK Job Postings Through July 24: Data from Indeed
Hairdresser, construction and restaurant jobs on the rise, but overall job postings remain -57% down on last year’s trend.
This post is updated as of 24th July 2020. We will continue to update these trends regularly as we track how coronavirus impacts the global labour market.
Job postings on Indeed UK – a real-time measure of labour market activity – continue to run well below last year’s trend. Overall postings were down -57% as of 24th July. That was a slight improvement from -59% last week, but signals a recovery still struggling to gain traction.
Job postings on the rise in sectors that recently reopened
Looking at changes over the latest two-week period gives us a sense of where opportunities are arising following the easing of restrictions on businesses. The strongest improvement in the hiring trend was in beauty & wellness, mainly driven by an uptick in hairdresser jobs (these businesses were allowed to reopen on 4 July). Construction and food preparation & service saw the next-strongest improvements. Driving, chemical engineering, cleaning & sanitation, hospitality & tourism and installation & maintenance also saw upticks.
As we have seen in recent weeks, a number of healthcare occupations (that generally held up better earlier in the crisis) were among the categories that saw hiring intentions weaken the most during the latest fortnight.
Scotland and the South East are running furthest below last year’s trend at the regional level. The North East recorded the least marked fall, though even there postings remain -50% down on 2019.
We will continue to provide regular updates on these trends as the situation evolves. We also host the data behind the postings trends plots on Github as downloadable CSV files. Typically, it will be updated with the latest data one day after the respective Hiring Lab tracker is published.
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 24 July 2019, but only 20% from 1 February 2020 to 24 July 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 24 July (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.