Comparing the South’s professional vacancies to the National total, while England and Wales as a whole are predicted to see a decrease, the South as a region could increase its market share, potentially reaching 29.8% in 2023 according to APSCo and labour market data analysts Vacancysoft.
The outlook for the Midlands region, encompassing both west and east, is down on last year, with there being a significant decrease of -22.4%. Nonetheless, the West Midlands is poised to increase its share of the national job market from 6.7% in 2022 to 9.6% in 2023. This is according to the latest Regional Trends report with APSCo and Vacancysoft.
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.