Home Business News Job vacancies hit record high as economy rebounds

Job vacancies hit record high as economy rebounds

by LLB Reporter
17th Aug 21 10:53 am

Data from the Office of National Statistics (ONS) over a three month period shows that vacancies have hit a record high.

Vacancies hit 953,000 in the period and in July ONS figures revealed there was more than 1 million job openings, which is the first time on record.

Payroll was up by 182,000 last month, but still below pre pandemic levels by 201,000 and the headline unemployment rate slipped back to 4.7%  in the three months to June, which was down from 4.8% the previous month.

Rishi Sunak said this shows the government’s plan for jobs is working, the Chancellor said, “I know there could still be bumps in the road but the data is promising.”

Jonathan Athow, ONS deputy national statistician for economic statistics, said, “The world of work continues to rebound robustly from the effects of the pandemic.

“The number of people on payroll was up again strongly and has now grown over half a million in the past three months, regaining about four-fifths of the fall seen at the start of the pandemic.

“Meanwhile early survey figures show that the number of job vacancies passed one million for the first time ever in July.”

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