UK job adverts soar in April as business confidence booms April 16, 2021 The number of new job postings is soaring as the UK tiptoes its way out of the pandemic, according to new data from the Recruitment & Employment Confederation. During the week of 5-11 April, a further 140,000 new job openings were recorded, giving a total of 1.37 million active adverts in the UK. This is [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
E-commerce boom sparks rush in job searches as UK vacancies hit highest level for a year April 1, 2021 Britain’s online spending boom has sparked huge rises in e-commerce job searches, according to new data from recruitment platform Indeed Flex. Indeed Flex found significant increases in job searches related to e-commerce between 1 February and 1 March. Searches for picker jobs more than doubled, while searches for warehouse positions rose by up to 82 [...]
Manpower CEO: Remote working isn’t unsustainable but it’s certainly not desirable March 24, 2021 Reports on the death of office working have been exaggerated, according to Manpower CEO Jonas Prising. However, so too has the backlash against remote working exemplified by the bosses of Barclays and Goldman Sachs (who labelled the work-from-home era an abheration). So, one year on from the Prime Minister’s orders to “work from home if [...]
UK unemployment: Covid impact on young people ‘could last a lifetime’ March 23, 2021 The disproportionate impact of the pandemic on young people’s job prospects “could last a lifetime”, according to analysts. Unemployment data released this morning by the Office for National Statistics showed that under-25s make up two thirds of the 700,000 job losses since the start of the pandemic. Lorna Carter-Blake, managing director at DA Training and [...]
UK unemployment rate drops slightly to five per cent March 23, 2021 The rate of unemployment in the UK fell slightly to five per cent from November 2020 to January 2021, some 1.1 percentage points higher than the same time last year.
Job vacancies mark biggest drop on record in ‘year like no other’ during pandemic March 15, 2021 Job vacancies saw a bigger drop last year than in the aftermath of the 2008 financial crash, in a “year like no other” during the pandemic, according to the Office for National Statistics (ONS). The number of jobs up for grabs in the UK plunged 57 per cent to a record low of 343,000 in [...]
Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn March 10, 2021 Brits to boost UK GDP by £16bn in post-lockdown spending as excess savings balloons to £160bn
UK financial services sector shakes off Covid blows as vacancies surge March 10, 2021 Vacancies in the financial services sector are well on their way to recovery after a sharp slump at the start of the pandemic, according to new APSCo data. Research from the Association of Professional Staffing Companies (APSCo) showed hiring fell 58 per cent in the second quarter of 2020 as Covid battered employment prospects. However, numbers [...]
Recruitment firm RTC suffers drop in profit as pandemic takes toll February 22, 2021 London-listed recruitment firm RTC saw profit from operations drop by 45 per cent to £1.1m in 2020, as the pandemic struck industries across the world. Group revenue also fell by 14 per cent to £81.4m, while earnings per share hit 4.6p compared to 9.6p in 2019. Meanwhile, net cash increased to £1.9m and RTC reported [...]