The UK job market looks better in January than seven months ago
The coronavirus pandemic has caused a lot of jobless and business crises in 2020. However, it seems that the UK employment ratio is rising steadily amidst this pandemic.
Health jobs rises, as the hospitality sector suffers
There is a noticeable increase for the first time in over seven months in the UK job market, before the recently introduced lockdown. There has been a surge in permanent hiring and a little rise in the number of available vacancies.
According to a recent survey by Reuters on Thursday,
“ The increase can be attributed to a surge in business operations and renewed confidence in the government, due go recent vaccine development news. A recruitment and employment agency said that this growth in job availability is gradual but could be permanent if the development of vaccines continues.“
It remains unclear how king this would last due to the recent lock down and UK exit from the EU. Employment opportunities are many for health positions like nurses, auxiliary health officials, and various medical staff.
But, hotels, restaurants, and other leisure positions remain minimal. This is expected due to Covid-19 protocols about social distance. The research also shows that list of employers prefers employing temporary positions due to uncertainties than full-time jobs.
Fresh lockdown could turn the tide on employment statistics
An economy expert is also of the opinion that jubilation should be minimal though because the fresh January could dampen all hopes and also new adaptation to doing business with EU nations. This statement was made by a top auditor and accountant, James Stewart.
However, the UK official unemployment rate remains low at 5% for two months to November, but the most financial analyst is predicting that it will rise soon if the government unemployment payments stop by April.
It remains unclear if the government will be able to stop job benefits payments to its citizens. This is because of the loss of jobs last year, however, financial analysts believe only when this government fund stops before more jobs can be available. These “free money” they claim, impede economic growth and stifles job creation.