Current labour market trends in the UK

By Robert Half on 16th June 2020

Matt Weston, Managing Director, Robert Half UK comments on the ONS Labour Market Statistics:

"We are now starting to see the impact of the COVID-19 lockdown on the jobs market. While unemployment rates remained stable in April, the market is clearly shifting. There are still nearly 8 million people on furlough, while early indicators for May suggest that 600,000 fewer employees are on the payroll in only a few short months.

"The employment landscape is in a pendulum swing. The 'war for talent' is becoming a 'war for jobs'. But despite the rise in the number of candidates in the market, the skill shortage is still raising its head. Professionals with in-demand skills that will help businesses get through this tough market will still maintain strong career prospects and opportunities to consider.

"COVID-19 will continue to be a catalyst for changing how people want to work. Where remote working was a common benefit requested before, hybrid working patterns with working from home is the new norm. The professionals we speak to who continue to work through this crisis remain confident about their overall career prospects, despite a far more competitive jobs market. As such, employers who are hiring may be surprised that they still need to engage strong talent attraction strategies along with enhanced efforts to retain their existing talent as a priority."
 

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