Twice as many jobs in the UK as jobseekers

Across the UK there are now twice as many advertised jobs as there are jobseekers to fill them, according to the latest UK Job Market Report from
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.
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Posted on Tuesday Dec 1
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