Coronavirus and UK Job Postings through 7 August: Data from Indeed
Recovery in job postings remains sluggish, but food preparation & service jobs on the rise amid Eat Out to Help Out.
This post is updated as of 7th August 2020. We will continue to update these trends regularly as we track how coronavirus impacts the global labour market.
The recovery in job postings on Indeed UK remains sluggish. Overall postings were down -56% on last year’s trend as of 7th August, the same pace of decline as a week ago. The trend has shown only a modest improvement since bottoming out at -61% in early June. That said, the total number of vacancies has risen by a fifth from its trough in early June.
Restaurant jobs see growth after reopening and government support scheme
Looking at changes over the latest month, some occupations have seen notable improvements in job postings. Food preparation & service jobs saw the strongest uptick. Restaurants were permitted to allow dine-in customers from 4 July, while the government’s Eat Out to Help Out scheme, which launched at the start of August, has provided a boost to the sector. There was also rising demand for construction workers, cleaners, beauty & wellness and driving roles.
Conversely, pharmacists, vets, doctors, therapists and teachers saw weakening trends over the month.
Regional data continues to signal a broad-based hit to job postings, with Scotland remaining the worst affected. Notably, London is now showing the third-largest decline in job postings, having held up best in the early stages of the crisis. It may be the case that the prolonged absence of the normal commuter influx to the capital, and their associated spending in shops, pubs and restaurants, is having an increasingly deleterious effect on jobs as large numbers of office workers continue to work remotely from the commuter belt.
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, the site 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 7 August 2019, but only 20% from 1 February 2020 to 7 August 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 7 August (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.