We regularly update this report to track the pandemic’s effects on the labour market.
Job postings growth continued last week. Job postings — a real-time measure of labour market activity — were 4.8% above the 1 February, 2020, pre-pandemic baseline, seasonally adjusted, as of 4 June, 2021. That was a 4.0 percentage point (ppt) gain from a fortnight ago, when the headline measure had just nudged into positive territory for the first time since the beginning of the pandemic.
Veterinary and cleaning jobs on the rise
The strongest improvement during the latest fortnight was in the veterinary category, followed by cleaning & sanitation. Hospitality & tourism, scientific research & development, pharmacy, education & instruction and customer service also saw gains.
Several sectors saw deteriorating trends, led by construction. However, job postings remained well above pre-pandemic levels in those categories, with the exception of beauty & wellness.
North East and Wales continue to lead the pack
The North East and Wales continue to lead the regional ranking, with job postings in most regions now comfortably above pre-pandemic levels. Only in Northern Ireland, London and the South East are job postings still below the baseline.
Middlesbrough has strongest job postings recovery
Cities and large towns in the North of England and the Midlands remained among the strongest performers, led by Middlesbrough, Hull and Stoke. The weakest job posting recoveries have been in Aberdeen, Crawley and Belfast.
All figures in this blogpost are the percentage change in seasonally-adjusted job postings since 1 February, 2020, using a seven-day trailing average. 1 February, 2020, is our pre-pandemic baseline. We seasonally adjust each series based on historical patterns in 2017, 2018, and 2019. Each series, including the national trend, occupational sectors, and sub-national geographies, is seasonally adjusted separately. We adopted this new methodology in January 2021.
The number of job postings on Indeed.com, whether related to paid or unpaid job solicitations, is not indicative of potential revenue or earnings of Indeed, which comprises a significant percentage of the HR Technology segment of its parent company, Recruit Holdings Co., Ltd. Job posting numbers are provided for information purposes only and should not be viewed as an indicator of performance of Indeed or Recruit. Please refer to the Recruit Holdings investor relations website and regulatory filings in Japan for more detailed information on revenue generation by Recruit’s HR Technology segment.