Stuart Gentle Publisher at Onrec

ONS Labour market comment: Findings paint a worrying picture of where the market is heading says CV-Library CEO

In response to the ONS Labour Market Statistics, see a comment from Lee Biggins, founder and CEO of CV-Library, the UK's leading independent job board:

"Today's figures might not be completely reflective of the current situation, but they do paint a worrying picture of where the UK labour market was heading in the first few months of the year. With both pay and vacancies dropping, we can see that businesses were already nervous because of  Brexit and the start of COVID-19 social distancing measures.

"What we will see in the next few months is a real shift whereby candidates won't hold as much power as they have done in recent years. The unemployment rate is expected to soar and this is going to have a massive impact on our economy, especially as job numbers drop. Our own data shows that vacancies fell by 4.1% in Q1 2020 and this is likely to continue into the next quarter."