UK jobs market | Job ads down by 47% last month

Throughout the pandemic, the strain on business has been evident. From forced closures to staggered reopenings and stringent measures put in place for customers and staff alike, businesses have grappled with economic downturn and ever-changing regulations as a result of coronavirus crisis.

Unsurprisingly, this has led to widespread redundancies and business closures; the likes of John Lewis, EasyJet, Upper Crust, Arcadia Group, Harrods and Royal Mail have cut thousands upon thousands of jobs.

As a result, the recruitment market is currently experiencing one of the largest downturns in recent history. According to the latest job market data from CV-Library, the volume of jobs being advertised on its site fell by 47% in July, compared to the same period the previous year.

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Yet, as the reopening of the UK continues, these numbers are improving. There were 31.7% more vacancies up for grabs than there were in June; suggesting that the job market is slowly picking back up.