UK Job Postings Through 13 August: Growth Maintained
Job postings remain on the upswing.
We regularly update this report to track the pandemic’s effects on the labour market.
Job postings on Indeed UK made further gains in the latest fortnight. Job postings — a real-time measure of labour market activity — were 21.6% above the 1 February 2020, pre-pandemic baseline, seasonally adjusted, as of 13 August 2021. That was a 2.0 percentage point (ppt) gain from a fortnight ago. It was the eighteenth successive week of improvement in the job posting trend, as labour demand continues to strengthen.
Hospitality & tourism pick up
Hospitality & tourism job postings saw the biggest improvement in trend during the past fortnight, continuing a recent period of strong performance. This was followed by retail, dental, food preparation & service, loading & stocking and security & public safety.
Weakening trends were seen in community & social service, social science, scientific research & development, nursing, construction and driving.
North East has strongest job posting recovery
The North East continues to lead the regional ranking, with jobs postings 54% above the pre-pandemic baseline. Wales is in second place (42%).
London (6%), Northern Ireland (8%) and the South East (11%) continue to lag other regions.
All but three cities and large towns above pre-pandemic levels
Job postings are now above pre-pandemic levels in all but three of the 63 cities and large towns we track, namely Aberdeen, Crawley and Aldershot. Aberdeen (oil and gas) and Crawley (aviation) have local economies highly exposed to specific sectors which have been affected by the pandemic.
Postings are furthest above pre-pandemic levels in Middlesbrough, followed by Barnsley, Peterborough, Sunderland, Ipswich, Hull and Stoke.
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.
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.