Over the last year the labour market has changed drastically, from furlough schemes to working from home, to businesses shutting their doors completely.
With this in mindย Bionic wanted to find out where across the UK unemployment is rising, which industries are offering the most vacancies, and what salaries are increasing.
Currently the UKโs national average unemployment rate sits at 4.7%. Wales has seen the biggest decrease in unemployment. The 1% drop now sets Wales unemployment at 3.9%, 0.8% lower than the national average.
Even though London follows behind Wales with a 0.7% decrease in unemployment, their average unemployment sits at 6.5%, 1.8% over the UK national average. The South East of England, and the East of England saw the largest increase in unemployment at 0.7% and 0.2%.
The UK has seen a mammoth rise in job vacancies, with over a million being advertised across the country. From April to June 2021 the highest number of vacancies are shown in social work with 153 vacancies, mechanics offering 107 jobs, and hospitality with 102 vacancies.
The labour market over the course of the pandemic has changed dramatically, from furlough schemes to working from home, to businesses shutting their doors completely. As restrictions ease and Brits continue to celebrate the benefits that come with Freedom Day, businesses have begun to open their doors again. But as businesses begin to reopen the demand for staff increases.
June 2021 has over double the number of vacancies as July last year
Month |
National Avg. Job Vacancies |
July 2020 |
408,477 |
August 2020 |
531,696 |
September 2020 |
557,122 |
October 2020 |
631,829 |
November 2020 |
660,933 |
December 2020 |
697,995 |
January 2021 |
664,588 |
February 2021 |
755,923 |
March 2021 |
859,504 |
April 2021 |
927,103 |
May 2021 |
1,021,981 |
June 2021 |
1,176,830 |
In June 2021 1,176,830 job vacancies were advertised on job boards across the country. Glyn Britton, Chief Customer Officer at business comparison expert Bionic, offered some insight into why job sectors may be facing these shortages and the sectors most likely to see the biggest shortages:
โJob shortages arenโt a new thing, but itโs an issue thatโs been exacerbated by the pandemic. Given the number of people who lost their jobs or were placed on furlough at some point since March 2020, itโs probably no surprise that UK job vacancies are peaking just as weโre about to fully reopen again. What is surprising though is that the latest employment figures show one in 20 people who want a job can’t find one. And then thereโs the Brexit effect, which has forced many EU workers to leave the UK.
โHospitality and haulage are among the industries hit hardest by job shortages. The hospitality industry has a large turnover of jobs at the best of times, but now has the double-whammy of Covid and Brexit. Thereโs also a shortage of workers in the IT and computing sectors, but this has been a long-standing trend that could be as much down to a skills gap as a problem brought on by Brexit and the pandemic.โ
February 2021 was the UKโs highest avg. salary, with June 2021 ranking ยฃ2,862 less
Month |
National Avg. Salary per Annum |
July 2020 |
ยฃ34,932 |
August 2020 |
ยฃ34,891 |
September 2020 |
ยฃ35,430 |
October 2020 |
ยฃ34,050 |
November 2020 |
ยฃ35,375 |
December 2020 |
ยฃ35,721 |
January 2021 |
ยฃ36,490 |
February 2021 |
ยฃ37,127 |
March 2021 |
ยฃ36,460 |
April 2021 |
ยฃ35,573 |
May 2021 |
ยฃ34,579 |
June 2021 |
ยฃ34,265 |
Throughout the last year job vacancies and salaries have fluctuated, however, there seemed to be a high increase at the beginning of the year with wages reaching up to ยฃ37,127. Now since February 2021 the national average salary per annum across the UK has been dropping in its thousands. For instance, June 2021 has seen a ยฃ2,862 drop in salaries from February 2021.
Glyn Britton, Chief Customer Officer at business comparison expert Bionic, added what businesses can do to attract more employees and keeping their current employees:
โThe government has been at pains to get people back into the workplace since the first lockdown ended around this time last year, and theyโve ramped up the rhetoric again ahead of July 21. Itโs almost as though they think the entire economy is built upon commuter train fares and lunchtime meal deals.
โBut the truth is that more people than ever have been given a glimpse of the better work/life balance that working from home can bring, and many wonโt want to go back to the way things were before. To attract and retain the best employees, businesses are going to have to bear this in mind and offer flexible working conditions wherever possible โ the technology is available for most businesses to make a go of this new hybrid way of working, but is the willingness there from individual business owners? If not, those staff shortages could be hitting more than haulage and hospitality.โ