Professional Recruitment Trends Snapshot

The data suggests that we have shifted from a lack of candidates to a sharp drop in requirements as business confidence falls amid economic uncertainty.

The recruitment trends snapshot is based on data supplied by Bullhorn. Year-on-year increases compare March 2022 data with March 2023 data. Month-on-month figures compare March 2023 data with February 2023 data.

The recruitment trends snapshot is based on data supplied by Bullhorn. Year-on-year increases compare January 2021 data with January 2022 data.

While vacancy levels are following a pattern that we’d expect to see in January, the continued fall in average permanent salaries at a time when household budgets are being stretched is a concern. We can’t ignore the fact that skills shortages are still an issue across the UK, despite the slowdown in activity that we’re seeing.

December has long been a quiter month for recruitment activity. However, while there has certainly been a decline in hiring noted, the broader picture is actually one of stability for the labour market.

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