Jobs Market Update to October 2021

Jobs Market Update to October 2021

Employment rates:

Data shows that since the pandemic there was a major decrease in the amount of people working but from July 2021 onwards there has been a clear recovery in the amount of people employed.

During 2020 and January 2021 the growth in pay rolled employees was at a negative of -3.1% but the flash estimate for October 2021 was at 4.0% making a returned positive growth in pay rolled employees.

However, the number of job vacancies in August to October 2021 continued to rise at an increase of 388,000 from before the pandemic (January to March 2020) with an unemployment rate of 4.3% lower than before the pandemic.

The causes for the unemployment in the healthcare industry can be linked to not only the COVID-19 pandemic but also the decrease in migration. The healthcare industry relies heavily on international workers.

Work-related visas in June 2020 were 22% lower than the previous year. There has been ups and downs when it comes to the number of international workers, but current figures suggest that there has been no significant improvement.

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