Number of job adverts in UK rises with thousands of new postings - REC

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The number of job adverts has increased, with thousands of new postings in recent weeks, research suggests.

There were about 1.82 million job adverts in the last week of February, up by 8.6% from the previous week and by 41.5% from a month earlier, said the Recruitment and Employment Confederation.

Its study found 224,000 new job postings in the last week of February, the highest since early December.

The biggest weekly growth in adverts was for fitness instructors, travelling salespeople and furniture makers.

Eight out of the UK's top 10 hiring hotspots were said to be in Northern Ireland last week, led by Newry, Mourne and Down,

Neil Carberry, chief executive of REC, said: ‘Firms are hiring to meet demand as the economy recovers, and that is great news for people looking to move on in their careers.

‘With increases in every type of job and almost every local area, that opportunity is widespread too.

‘Employers' confidence levels have been boosted by Covid restrictions start lifting, with activity returning to city centres and industries like entertainment and hospitality much closer to normal.

‘But the high level of job adverts also reflects the difficulty firms are having in hiring.

‘The UK economy is facing some severe capacity constraints as it recovers, which is contributing to higher inflation.

‘Now is also the wrong time to be increasing national insurance, our biggest business tax.

‘The government should be encouraging business investment and supporting household incomes rather than piling more costs on taxpayers at a time when inflation is already high.’

source: PA

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