The February spike
The professional vacancy market entered 2017 with a spike in activity. The volume increase from January extended into
One hypothesis is that business leaders, after months of uncertainty, have finally returned to hiring based on current needs rather than delaying decisions until the future becomes clearer. Although the news in January about withdrawing from the single market was unfavourable for most companies, it did provide some long-awaited clarity about what to expect in the immediate future.
Financial Services, one of the industries where business leaders have expressed the most concern about the future, is seeing an uptick in vacancy activity that is proportionately even more significant than that of the overall market. February 2017, usually a slower month, saw more openings in Financial Services than January 2017. It was an 18-month high point in our data: one has to go back to August 2015 to find more openings advertised in a single month.
Statistics released by the ONS in February for the labour market showed that employment rates are still far from falling, in
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Author: Jan Pawlowski