The September to December ONS Jobs and Vacancies overview was released this week and gave an interesting overview of what to expect in 2020.
Last year we saw vacancy levels reach an all-time high, and although the number of vacancies has been slowly falling throughout 2019, they remain high compared to historical data.
Here are our top takeaways from the data published in January 2019;
There were an estimated 805,000 vacancies in the UK for October-December 2019, whilst this is lower than the previous quarter - it still remains high.
For September 2019, there were an estimated 35.75 million jobs in the UK, an increase of 652,000 jobs when compared with the same period the previous year.
There were 2.7 job vacancies per 100 employee jobs across the economy as a whole.
The sectors showing the lowest vacancy rates were construction and water supply, sewerage, waste and remediation activities, both at 1.7 job vacancies per 100 employee jobs.
- The sector showing the highest vacancy rate was accommodation and food service activities, with 3.9 vacancies per 100 employee jobs.
Since the recession of 2008 - 2009, the job market has continued to grow, reaching a peak in January 2019. This data demonstrates the resilience of the UK job market amongst the economic uncertainty of Brexit and is good news for job seekers across the UK.
You can read the full ONS report for Vacancies and Jobs September - December 2019 right here.