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Banking – EU Finance Labour Market Trends Report, August 2023

Banking – EU Finance Labour Market Trends Report, August 2023

Discover how the European banking sector has shifted post-Brexit and which cities are emerging as winners in the industry. Explore the impact of Macron’s efforts to boost the French banking sector, and other valuable insights to enchance your recruitment.

London – Insurance, UK Labour Market Trends, July 2023

London – Insurance, UK Labour Market Trends, July 2023

As one of the largest insurance markets in the world, the UK industry is surpassed in size only by the U.S., China, and Japan, where London is at the heart of that. With that, since quantitative tightening was initiated last summer, nearly all other market segments have slowed down in the capital. Not with Insurance, with January 2023 hitting all-time record levels according to Insurance specialists Harrison Holgate, and labour market data analysts Vacancysoft.

National – Regional Labour Market Trends, August 2023

National – Regional Labour Market Trends, August 2023

After a roller coaster period, with record numbers of vacancies in 2022, there are signs the market is now starting to normalise, where by most accounts, it is now stabilising at the levels seen in 2019, so before the pandemic according to a new report by APSCo, and labour market data analysts Vacancysoft.

Procurement – EEA/UK Life Sciences Labour Market Trends, July 2023

Procurement – EEA/UK Life Sciences Labour Market Trends, July 2023

Within the EU-27, the month of March 2023 witnessed the highest monthly total this year with 461 published Procurement/Supply Chain jobs. However, Q2 has seen a marked dip since then, hence the EU-27 countries are expected to undergo a decrease of 11.8% in 2023, according to Life Sciences specialists CPL, and labour market data analysts Vacancysoft.

Property Consulting – UK Real Estate Labour Market Trends, July 2023

Property Consulting – UK Real Estate Labour Market Trends, July 2023

The Real Estate Industry is starting to hit headwinds not seen in a generation, as interest rates start to rise. Insofar as the long-term average interest rate has been around 4-5%, the last decade has seen low rates and unprecedented amounts of quantitative easing which as they have ended, have meant the industry is under pressure.

London – UK Tech Labour Market Trends, July 2023

London – UK Tech Labour Market Trends, July 2023

When examining the overall half-year totals for 2023, we can see a substantial 54.2% decrease when compared to the same period in 2022, where across all sectors, companies have been slowing down. 

Read the latest news on the recruitment and staffing industry through stories powered by Vacancysoft’s labour market data and analysis.

Our CEO, James Chaplin, provides insight into business and operations at Vacancysoft.

The Northern Powerhouse – what next?

The Northern Powerhouse – what next?

In June 2014, the British Government of the time, announced their headline scheme to power growth in the north. “The Northern Powerhouse” was meant to bring together cities across the North, so that they collectively could ‘take on the world’ in the words of George Osborne, who announced the initiative. Upon it being announced, a swathe of initiatives were introduced, to stimulate investment, including the Greater Manchester devolution deal along with the Northern Transport strategy. With that, what we have seen, is a geographic area that had when it was launched, accounted for 16.7% of the population of the country and 13% of the vacancies, see their share of the vacancy market rise to 20% now. Put simply, in terms of job creation, the North is outperforming the rest of the country.

Beating a Bear market

Beating a Bear market

“In a boom market, anyone can make money, to grow when the economy turns, that’s the real challenge.”

The latest economic data to be released, will be of concern for recruiters, more than anyone. The economy is contracting. Whilst there has been a bounce in hiring over summer, this should give room for pause, for businesses, thinking about their next twelve months. Stick or twist, expand or contract? But even if recruitment is tidal, can a recruiter beat the tide? I would argue, with data, they can.

Which jobs are being kept in London?

Which jobs are being kept in London?

The long-term impact of COVID has yet to be felt on the economy. Equally, the societal change is already here. Work from home and hybrid is now becoming de-rigeur, where for people with London based jobs, it is increasingly a pre-requisite, especially when factoring the commute times. This is creating its own conflict within Financial Services, especially, as banks push for people to be back to work, equally are increasingly flexible about which work location is used. For example, HSBC now employs more people in Birmingham than in London.

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