COVID-19: Job vacancies top one million as economy rebounds from crisis
For the latest three-month period, vacancies hit a record 953,000 while single-month data for July alone showed there were more than a million job openings. Figures published by the ONS also showed the number of employees on payrolls was still 201,000 below pre-crisis levels.
The number of job vacancies has topped 1 million for the first time on record as the economy recovers from the pandemic, the Office for National Statistics (ONS) said.
Figures published by the ONS also showed the number of employees on payrolls rose by 182,000 last month – though was still 201,000 below pre-crisis levels.
Meanwhile the headline unemployment rate, covering the three months to June, slipped back to 4.7% – down from 4.8% the month before.
At the same time annual regular pay growth – a measure that has been skewed in recent months because of the impact of the pandemic on the jobs market – soared to 7.4%.
Chancellor Rishi Sunak said the figures showed the government’s plan for jobs was working, adding: “I know there could still be bumps in the road but the data is promising.”
The figures come after GDP data last weekshowed the economy bouncing back with growth of 4.8% in the second quarter.
According to the ONS labour market update, vacancies hit a record 953,000 in the three months to July, 168,000 higher than pre-pandemic levels.