UK worker shortage worsens on lockdowns and Brexit
Employers in Britain remained seeking for more workers than they used to before the coronavirus pandemic hit globally. The matter was indicative of UK’s tight market after Brexit and COVID-19 lockdowns.
The Recruitment & Employment Confederation reported on Friday that during the week to August 29, there were 1.66 million job advertisements that were active. The figure was up from 1.55 million in January and February 2020, with small changes monitored during early August.
The number of new job ads submitted during the week was 193,000, also higher than the January-February 2020 average of 171,000.
REC Chief Executive Neil Carberry said strong demand for workers in UK persists and shows no signs of weakening. He added that the months ahead could be challenging, with businesses starting to prepare for Christmas season.
Britain’s unemployment rate in the second quarter was 4.7%, worse than the pre-pandemic level of under 4%. However, the government’s subsidy scheme, which will end by the end of September, helped avoid the 10% rate it was projected to reach during the pandemic.