Download our report on the Midlands labour market to examine what hiring levels looked like across the region — and what trends are emerging in Birmingham, Leicester and Nottingham as the economy gradually emerges out of lockdown.
2020 was set to be the year dominated by Brexit and helping prepare for the full exit from the EU. Instead, the Covid-19 pandemic caused a global, societal and economic earthquake. In London professional vacancies tumbled, down32.2% year-on-year. And around the rest of England and Wales, numbers are similar with vacancies down 33% year-on-year.
2020 was set to be the year dominated by Brexit and helping prepare for the full exit from the EU. Instead, the Covid-19 pandemic caused a global, societal and economic earthquake. In London professional vacancies tumbled, down32.2% year-on-year. And around the rest of England and Wales, numbers are similar with vacancies down 33% year-on-year.
The November 2020 London Regional Trends report shows that hiring levels are set to be down 32.6% year-on-year. The report also finds that vacancies in HR and marketing are the hardest hit, banking and IT the most resilient. And recruitment at Amazon and Deutsche Bank continues to grow, despite the pandemic.
While the impact of the first lockdown across Southern England is clearly visible – vacancies dropped by 73% in April and May, a quite spectacular collapse – by September the differential year-on-year was only 13%. In terms of professional vacancies, the areas hardest hit have been in Sales & Marketing, where in terms of the monthly average year-on-year, sales roles are down 53% and marketing positions have fallen 52%.
