When analyzing trends in Med Tech, we see 2023 is set to witness a substantial 27.9% increase in vacancies compared to 2019, indicating steady and robust growth. Similarly, in 2023, scientific jobs are projected to represent a 21.2% share of all vacancies, marking a notable improvement compared to the 14.2% share recorded in 2022, according to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft.
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 slowdown in the technology sector has generally also been felt in gaming, with this year being 55.8% down on last year. Nonetheless, 2023 is 31% up on 2019, showing the underlying trend is upward. As a result, Gaming has hit 5.4% of all vacancies across tech companies, up from 3.5% in 2019 according to the latest UK Technology Labour market trends report by Talent Alpha and market data analysts Vacancysoft.
Fixed-Term Contract Scientific vacancies remain relatively stable, maintaining a 5.3% share of all scientific vacancies. Equally, this represents the highest share observed since 2021, suggesting a continued demand for temporary scientific roles, despite a sharp fall in perm vacancies, according to the latest Life Sciences Labour Market Trends report with CPL and Vacancysoft.
As the dust settles on the decision to cancel HS2, while the political fallout may prove high across the regions, the economic consequences are still unclear. By the same token, what is clear is the fact that over the past five years, the trend of regionalisation has taken effect and increasingly, businesses are expanding teams away from the capital. In 2023 this trend has seen a high point, in the sense that 64% of all vacancies in the private sector can now be found outside the capital, up from 56% pre-pandemic.
