In a recent article by the BBC: https://www.bbc.co.uk/news/business-59648583 they have outlined that the number of people in part time work has jumped in recent times, after it had previously been hit so hard by the pandemic. At the same time, unemployment has decreased among 16-24 year-olds, a group that had also been hit hard by the crisis.
The Office for National Statistics (ONS) reported that the overall unemployment rate fell to 4.2 between August and September, with job vacancies at a high. Survey findings show that much of the recent growth in employment has been among part timers, who were previously hit very hard by the pandemic.
What does this mean for the future?
These stats give us a potential window into the future beyond the pandemic- as restrictions have loosened, we’ve seen a steady rise in vacancies and opportunity for people seeking work. When the pandemic ends, we could be looking at a prosperous era, with many vacancies and opportunity for all.
What does this mean right now?
At the moment, we’re seeing tentative, but steady growth- with the UK youth unemployment rate at 11.3% (ONS), the lowest it’s been since 2017. The number of part-time workers has also surged, leaping from 7.7 million in the March-May period, up to a recent high of 8.07 million workers. This is of course, great news, and is allowing people across the country to find work again, now that the furlough scheme has ended, and some people are needing to find work after being made redundant.
All of these stats, however, predate the arrival of the Omicron variant, which some believe may lead to restrictions in a number of sectors. We have already seen the impact this had in the run up to the festive period, where the hospitality sector was hit at what would have been their busiest time of year.
We’re here to help
With a staggering caseload of vacancies hitting the market every day, it can be overwhelming to find the job that’s right for you. We’re here to help.
If you’re unemployed, and looking to get back into work, our Skills Support for Employment service will get you ready to go, with access to many free courses, support, advice and more, helping you find the role that’s right for you, and getting you qualified to apply for it, too: http://www.gcskills-support.uk/services/skills-support-for-employment/
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