ONS | UK job vacancies hit record high as unemployment drops

The number of job vacancies in the UK, having already broken historic records, has now hit a new record high, at 11million from July to September, according to reports from the Office for National statistics.

This record rise represents the largest increase in vacancies in over 20 years, with a significant volume of jobs coming from the retail and motor vehicle repair industries, the ONS stated.

In addition, the UK unemployment rate was estimated at 4.5%, compared with a rate of four per cent before the pandemic struck.

In positive news, the number of employees currently on payrolls increased yet again month-on-month with a rise of 207,000. The overall number of employees on company payrolls now sits at a record 29.2million as of September.