October saw 1,229,131 total advertised vacancies compared to 664,130 jobseekers – meaning there are now two vacancies to every jobseeker within the UK. This has led the ratio of jobseekers to vacancies to a new post-recession low of 0.54, down 43.2% from October 2014 when this figure stood at 0.95 – or one vacancy per jobseeker – as climbing vacancies offer more options to jobseekers.
In the last month in particular, a festive jobs boom has helped reduce job competition further. Advertised vacancies are rising in the run-up to Christmas, with the number of positions increasing 4.3% month-on-month from 1,178,129 in September. On a yearly basis, vacancies increased 31.2%, fuelled by a worsening long-term skills shortage, which means more vacancies are remaining unfilled.
At the same time, the latest ONS statistics show unemployment has fallen to 5.3% – the lowest figure since early 2008. Employment levels have been boosted as more people enter into temporary work, part-time employment and, significantly, self-employment.
See all the article here: http://www.recruitment-international.co.uk/news/twice-as-many-jobs-as-jobseekers-in-the-uk-28648.htm?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=17765-315475-Tuesday+1%2F12%2F2015