Vacancy numbers down at accelerated rate
Extending the current period of contraction to a whole year, vacancy numbers declined again in October. Moreover, a third successive monthly decline pointed
to an acceleration in the rate of contraction to the steepest since January 2021.
Permanent and Temporary Vacancies:
Permanent vacancies declined in October at the steepest pace since the start of 2021. Latest data marked the fourteenth successive month in which a reduction in
perm vacancies has been registered. For temp vacancies, a third successive monthly fall was registered – with the contraction the sharpest in over four years.
Public and Private Sector vacancies
October’s survey data signalled declines in private sector vacancy numbers for both permanent and temporary workers. Similarly modest contractions were seen in each case.
Demand for public sector workers – both permanent and temporary – also declined in October. Rates of contraction picked up in each case.
Official Data: UK Job Vacancies:
Declining for a twenty-seventh successive period, the number of vacancies in the UK maintained a downward trend in the three months to September. Overall, vacancies were down
34,000 compared to the three months to June and therefore taking the overall total to 841,000. That’s the lowest level since the three months to May 2021.