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February saw reduced employer hiring demand and increased competition for jobs in the UK labour market, according to the latest job index by ICAP. This found that temporary vacancies fell by -0.7% year-on-year in the three months to February. Permanent vacancies meanwhile declined at a sharper rate of -2.2%.
The hottest sectors for temporary workers in the quarter was advertising & PR, showing an increase of +20% in vacancies. This was followed by travel & tourism where demand for temporary workers grew by +16% in the quarter. Other sectors showing increased demand for temporary workers included defence & military (+10%), medical & nursing (+9%), and aerospace (+1%).
But demand for temporary workers declined in a number of sectors, most notably in logistics distribution and supply chain where vacancies fell by -17%. Education and training also posted lower demand for temporary staff with a decline of -16%, followed by retail (-16%), legal (-14%) and call centre and customer service (-14%).
ICAP’s labour market information is derived by monitoring UK employment information covering in excess of 60% of all job advertisements. The data provides a view of key trends occurring in the UK labour market.