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Job Market Report Quarter 2 2020

Provided by CV Screen

Monthly Highlights

  • The economic reality is that the UK looks to be on the brink of experiencing unemployment levels not seen in at least a generation.
  • The demand for staff in Q2 dropped by record levels, with IT dropping 53%, marketing dropping 78% and finance vacancies falling by 74%.
  • The low point for job vacancies was the first week of May.
  • Job numbers are showing signs of recovery (albeit from an incredibly low base).
  • With the furlough scheme covering nearly 9 million UK workers, the number of active candidates is low.
  • The number of candidates who are active on the job boards has decreased across the IT, Marketing & Finance sectors.
  • Job application rates have increased by 53% between Q1 and Q2.
  • The inference here is that although the number of active candidates has decreased, those who are active are applying for more vacancies.
  • With job numbers reduced, the competition for active roles is likely to intensify over the coming months.

What’s happening to Job
application rates?

What’s happening to demand?

Information Technology

Demand

53%

Candidate Availability

21%

Accounting & Finance

Demand

74%

Candidate Availability

39%

Digital & Marketing

Demand

78%

Candidate Availability

12%