May 20, 2024
Following months of declining vacancies across the UK, new data from leading global talent solutions provider, WilsonHCG, suggests that the labour market is showing signs of recovery as concerns over the economy begin to ease.
The data – powered by Claro Analytics, WilsonHCG’s talent intelligence and labour market analytics platform – revealed that hiring across the UK experienced a minor recovery in April 2024, with job postings increasing 1.7% month-on-month. This is the first uptick in recruitment noted since October 2023.
April’s figures are marginally higher (0.3%) than the three-month average, which suggest the second quarter of the year has started with a degree of optimism, according to the analysis.
Craig Sweeney, EVP of global strategic talent solutions at WilsonHCG, commented:
“It’s encouraging to see signs of recovery in the labour market which often acts as a bellwether for the economic climate. There’s no doubt that it’s been a prolonged period of uncertainty, which has impacted hiring in the UK, but this small uptick is certainly positive news for the country. It is important to note, though that we are still in the grips of a significant skills shortage which has been exacerbated by the events of recent years. As hiring begins to recover, limited access to skilled candidates will once again become a core issue for employers. In this environment, organisations need to have a clear pathway to the talent they need – and that isn’t necessarily through the usual means. If ever there was a time to take strategic workforce planning seriously, it’s now.”
Press contact
Vickie Collinge
01582 790705
