As the largest regional economy in the UK, what recruitment trends have we seen in the Midlands so far in 2022?
Which sectors saw the most growth, and what specialisms were most sought after by the largest firms?
Written in partnership with APSCo, this report examines labour market trends across key sectors in the Midlands.
It provides a breakdown of hiring across the region; presents vacancy volumes by industry and function; and compares the hiring activity of top firms.
For labour market insights and the trends that drove recruitment
across the Midlands in 2022 so far, download the report now!
In a world of ever-increasing risk, specialist insurance services rise as businesses look to mitigate their exposure. Hence, for the industry, 2023 has proven to be a busy year, with the sector being one of the top performers across all industries in terms of year-on-year activity this past year. On that point specifically, we saw vacancies drop by 15.1% compared to 2022. That compares to an all-industry fall of 30%.
Every generation bears witness to a technological jump which has the capacity to change the way we work. For example, from the first generation of mobile phones in the 1980s, through to smart phones and mobile devices this has transformed the way we do business. Nonetheless, we have seen increasing numbers of jobs displaced as different technologies have achieved scale.
In a sign of the times, industrial engineering, which encompasses aerospace and defence, has proven to be the top performing industry this past year, up 21% on 2022. At the same time the impact of quantitative tightening on the London market has been felt heavily across both finance and technology. As a result, vacancies in the capital are down 40% on the prior year. This is according to the latest UK labour market trends report by leading professional body APSCo and market data analysts Vacancysoft.