UK jobs rise, consumers spend more as COVID restrictions ease – fr

UK jobs rise, consumers spend more as COVID restrictions ease – fr

Online job openings are on the rise in Britain, driven by the reopening of pubs and restaurants and other hospitality businesses, and consumers are spending more money on restaurants and travel plans , according to data released Thursday.

Online job postings reached 107% of their pre-February 2020 pandemic level on May 7, up four percentage points from two weeks earlier, according to jobs website figures Adzuna.

Most sectors saw an increase in job vacancies with the biggest increase in hospitality, which saw a 46 percentage point jump in vacancies since early April – before the sector reopened to customers of outside.

Domestic service is set to resume on Monday, which is a big boost for the industry which has been among the hardest hit by the pandemic and government lockdowns to slow it down.

There was also strong demand for workers in transportation, logistics and warehousing which rose 18 percentage points over the two weeks leading up to May 7 to 235% of its February 2020 level, adding to a rise since the beginning of the year.

“Jobs in this sector are believed to take longer to fill and accumulate, which is in part contributing to the increase in the overall number of vacancies for this category,” the ONS said.

Other figures released by the Office for National Statistics on Thursday showed UK credit and debit card spending in the week to May 6 was 106% of its February 2020 level, down from 99% a week earlier.

The ONS said the figures showed consumers were spending more on travel, restaurant meals and other activities released from the coronavirus rules.

The Bank of England expects an increase in consumer spending, who have racked up savings during lockdowns over the past year, will help spur more than 7% growth in the UK economy in 2021 after falling by nearly 10% in 2020.

The proportion of the workforce benefiting from the government’s job protection leave program was 11% between April 19 and May 2, down from a previous reading of 13%, said the ‘ONS.

A net 7% of the 34,940 companies surveyed by the ONS reported an increase in turnover in March compared to March 2020.

Our Standards: Thomson Reuters Trust Principles.


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