The recruitment trends snapshot is based on data supplied by Bullhorn.
Year-on-year increases compares July 2021 data with July 2022 data.
Month-on-month figures compares July 2022 data with June 2022 data
The education sector is facing unprecedented challenges at the moment. With the possibility of strikes and resignations in the air, it’s perhaps no surprise that the quarterly vacancy rate has really ramped up this quarter, with figures higher than they have been since Q1 2021.
Across the engineering sector, we see a considerable drop of 44.1% in the number of applications in June 2022 when compared to the same month last year, which may not come as a surprise, given the widely reported skill shortages impacting this sector. Interestingly, vacancies have seen a similar decline during the same period, taking a significant tumble of 39.9%.
IT continues to surge across the UK with May proving to be the busiest month so far. When comparing IT
vacancies in May 2022 to May 2021, we see that volumes are up by 55%. Analysed by year, a similar story
emerges, in that the monthly average for 2022 is 30% up on 2021.
While manufacturing and engineering are a key part of the mix and what the region is best known for, there has
also been a push to diversify. Among others, IT is becoming ever important to the region and in recent data provided by Innovate UK, we can see that AI and Data companies are the fifth largest in terms of receiving funding in the region, across all sectors.