Job application rates have hit a two year high as confidence begins to return to the jobs market.
The number of candidates who are active on the leading job boards is at its highest level since May 2019; this is something that isn’t unexpected given the “New Year, New Job” mantra that is seen each January. Nonetheless, it is encouraging to see that confidence appears to be returning.
The demand for staff is pretty flat on a Year by Year basis, with IT vacancies up 4%, Marketing vacancies down 1% and Finance vacancies up 1%.
Interestingly, the demand for permanent IT professionals has risen by 6%, whereas the demand for contract staff has dropped by 10%; this is likely to be as a result of the pending IR35 changes which is impacting temp/contract hiring decisions.