The leading Recruitment and Employment Technology Company, CareerWallet processes up to 10 million jobs daily from recruitment companies and employers across the UK and has recently published a national job vacancy survey showing detailed trends and insights into the UK job market. The report highlights the huge impact the pandemic had on the recruitment sector in 2020 as job applications in the last quarter of 2021 were more than three times (369%) higher than the same time last year.
This huge increase in applications is due to a renewed confidence in the job market and a backlog of employees who stuck out less than perfect roles due to furlough schemes or fears to leave in the midst of the pandemic. According to the report, November 2021 was a record month for applications with almost five times as many applications as November 2020 and the surge continued in December with over 3 times the applications during the festive period compared to last year.
The report from the leading tech firm shows how the market has shifted over the last 12 months as jobseekers are less fearful of the economic impacts of the pandemic. 2022 is set to be a busy period for the job market as more and more employees are looking for new roles and the number of job opportunities continue to rise sharply.
Craig Bines, CEO at The CareerWallet Group, commented, “At CareerWallet we process millions of jobs a day and have access to a vast array of job data giving us detailed insights into the UK job market.
Our national report has highlighted how UK employees are returning to the job market in their millions across the UK and this number seems to be continuing to rise month on month. The skill shortages issues have been well documented and as economic fears from the pandemic subside it is now clear that employees are becoming aware of the abundance of new potential jobs available to them.”