UK Job Postings Through 16 July: Hiring Upturn Continues
Job postings rise further above pre-pandemic baseline.
We regularly update this report to track the pandemic’s effects on the labour market.
Job postings on Indeed UK continued to rise in the run-up to England’s full reopening on 19 July. Job postings — a real-time measure of labour market activity — were 14.8% above the 1 February 2020, pre-pandemic baseline, seasonally adjusted, as of 16 July 2021. That was a 3.6 percentage point (ppt) gain from a fortnight ago. Improvements in the job posting trend have been recorded for fourteen successive weeks amid the easing of lockdown restrictions.
Sports postings rise
The biggest improvement over the past fortnight was seen in the sports category, followed by veterinary, physicians & surgeons, nursing, pharmacy and retail.
Insurance saw the sharpest deterioration, followed by civil engineering and electrical engineering.
All regions of UK above pre-pandemic levels
Job postings have now surpassed the pre-pandemic baseline in all regions of the UK. The North East is furthest above that level, followed by Wales. Northern Ireland and London have the weakest recoveries.
Barnsley leads job postings recovery
By cities and large towns, the job posting recovery has been strongest in Barnsley, followed by Middlesbrough, Peterborough and Hull. Aberdeen, Crawley, Aldershot and Slough are furthest below pre-pandemic levels.
As we discussed in a previous post, posting recovery has been fastest in cities with higher shares of manufacturing, distribution, healthcare and education jobs, while areas reliant on hospitality, tourism and highly paid, white-collar, work-from-home jobs trail. Some cities such as Aberdeen (oil and gas) and Crawley (aviation) are highly exposed to specific sectors which have been hard-hit in the pandemic.
We host the underlying job-postings chart data on Github as downloadable CSV files. Typically, it will be updated with the latest data one day after this blog post was published.
All figures in this blog post 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.
Information is based on publicly available information on the Indeed UK website (and any other countries named in the post), is 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.