Official data showed on Tuesday that job vacancies in the UK are at a record high of nearly 1.2 million, and the Institute for Employment Studies (IES) has projected a shortage of 900,000 workers, The Associated Press reported.
The British economy is facing labor shortages in various sectors, two of the main reasons being the coronavirus pandemic (workers leaving, or being forced to leave, some industries) and Brexit (which caused many EU workers to return home) , and yet) not back).
Despite the staff shortage, the IES said the number of workers on the payroll in the UK has now risen above pre-pandemic levels.
“This is driven by a wide employment gap for people with disabilities and health conditions, as well as a large drop in the participation of older people and youth,” said IES director Tony Wilson.
One of the main sectors affected by the shortage is travel and hospitality.
The Office for National Statistics has noted a shortage in the hospitality and transportation sectors as there have been long lines at gas stations recently amid a shortage of truckers to deliver fuel.
For more reporting from the Associated Press, see below.
The economic recovery has boosted hiring since most coronavirus restrictions were lifted, with the number of workers on the payroll rising from 207,000 to a record 29.2 million between August and September.
This is 122,000 more than the February 2020 level, the last month before the impact of the pandemic began to be felt.
The increase in recruitment and vacancies should help workers return to the jobs market after the end of the wage support scheme, which the government introduced at the start of the pandemic to keep a lid on job losses.
Under the job retention scheme, the government paid 80 per cent of the wages of workers who were unable to work due to the lockdown measures. The programme, which was phased out in recent months, ended in September.
At its peak, it helped support more than 11 million people, but at its end the number was a little over a million, with many workers returning to their former jobs after the economy reopened.
The agency also found that the UK unemployment rate also fell to 4.5 per cent between June and August, from 4.6 per cent in the July quarter.
Wages rose again sharply in the three months to August, with average weekly earnings at 7.2 percent with bonuses or six percent without bonuses. However, the agency stressed that the figures are being skewed by the pandemic’s impact on wages from a year ago.
With inflation reaching four per cent in the coming months and low levels of productivity, there are concerns that wages may soon be running below price growth, increasing pressure on household incomes at a time when the tax burden is at its highest in decades. is on the level.