{"id":11275,"date":"2019-08-13T14:33:19","date_gmt":"2019-08-13T13:33:19","guid":{"rendered":"https:\/\/www.hiringlab.org\/uk\/?p=11275"},"modified":"2022-08-12T18:09:52","modified_gmt":"2022-08-12T17:09:52","slug":"uk-employment-figures-august","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/","title":{"rendered":"UK Employment Figures, August 2019: Is the Jobs Market Slowing Down?"},"content":{"rendered":"\n<p>A far from perfect picture of the UK labour market emerges from the <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.ons.gov.uk\/employmentandlabourmarket\/peopleinwork\/employmentandemployeetypes\/bulletins\/uklabourmarket\/august2019\" target=\"_blank\">latest ONS figures<\/a>. On the one hand, good signs abound: despite <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.ons.gov.uk\/economy\/grossdomesticproductgdp\/bulletins\/gdpmonthlyestimateuk\/june2019\" target=\"_blank\">economic contraction<\/a> in the second quarter of the year \u2014 for the first time since 2012 \u2014 employment was actually up by 115,000 compared with the first quarter. Another positive is that employers still appear willing to hire, with an estimated 820,000 vacancies. Then there is the combination of high employment and continued demand for staff, which is probably one of the reasons why average wages are rising at their fastest rate for more than a decade. This is certainly good news for workers.<br><\/p>\n\n\n\n<p>However, there are also a few warning signs. The total number of vacancies continues to slide further from the peak of 861,000 it reached at the start of 2019, suggesting some employers are holding off on hiring. Our analysis shows that total vacancies have fallen in all but two major sectors \u2014 education and health and social work.<br><\/p>\n\n\n\n<p>Overall, this is a decent jobs report but prudence is warranted. Employer caution is limiting the supply of vacancies, yet stiff competition for recruits is still driving up wages and increasing costs for businesses. Given the wider slowdown in the economy and Brexit risks, the labour market has been holding up surprisingly well. But continued falls in vacancies suggest employers are mindful of the broader economic and political risks on the horizon.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Is now a good time to look for a job? \ud83d\udc40 <a href=\"https:\/\/t.co\/zXPn6kJ31Y\">pic.twitter.com\/zXPn6kJ31Y<\/a><\/p>&mdash; Indeed (@IndeedUK) <a href=\"https:\/\/twitter.com\/IndeedUK\/status\/1161282995111809026?ref_src=twsrc%5Etfw\">August 13, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The labour market is holding up surprisingly well but continued falls in vacancies suggest employers are mindful of the broader economic and political risks on the horizon.<\/p>\n","protected":false},"author":35,"featured_media":11277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"post_mwm_category":[349],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[322],"class_list":["post-11275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","post_mwm_category-state-of-the-labour-market","post_mwm_author-padrjan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK Employment Figures, August 2019: Is the Jobs Market Slowing Down? - Indeed Hiring Lab UK I Ireland<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Employment Figures, August 2019: Is the Jobs Market Slowing Down? - Indeed Hiring Lab UK I Ireland\" \/>\n<meta property=\"og:description\" content=\"The labour market is holding up surprisingly well but continued falls in vacancies suggest employers are mindful of the broader economic and political risks on the horizon.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/\" \/>\n<meta property=\"og:site_name\" content=\"Indeed Hiring Lab UK I Ireland\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-13T13:33:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-12T17:09:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hiringlab.org\/uk\/wp-content\/uploads\/sites\/3\/2019\/08\/Vacancy-growth-by-sector-Jan-Jun-2019.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1872\" \/>\n\t<meta property=\"og:image:height\" content=\"1004\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Pawel Adrjan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/\"},\"author\":{\"name\":\"Pawel Adrjan\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/9c2e4e92eadc754e0333b18a568f049c\"},\"headline\":\"UK Employment Figures, August 2019: Is the Jobs Market Slowing Down?\",\"datePublished\":\"2019-08-13T13:33:19+00:00\",\"dateModified\":\"2022-08-12T17:09:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/\"},\"wordCount\":245,\"image\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2019\/08\/02171503\/Vacancy-growth-by-sector-Jan-Jun-2019.png\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/\",\"url\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2019\/08\/13\/uk-employment-figures-august\/\",\"name\":\"UK Employment Figures, August 2019: Is the Jobs Market Slowing Down? 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