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London dominates hiring hotspots in the UK

Just four companies left the junior market due to financial distress over the last year

Six of the UK’s top ten hiring hotspots are in London showing that the capital’s jobs market is roaring back to life, according to new research published today.

Figures from the Recruitment and Employment Confederation shows Brent has the fastest rate of job posting growth in the UK, rising 3.7 per cent to 4,616 over the last week.

Kensington and Chelsea and Hammersmith and Fulham rank second, increasing just below a rate of 3.7 per cent over the same period to hit 6,219.

Read more: London’s younger workers lead charge back to the office

Wandsworth came third, up 3.2 per cent on the week to 4,684.

The figures underline the rapid pace at which London’s labour market is recovering from the damage inflicted on it by the Covid pandemic.

The full reopening of leisure and hospitality businesses has provided a boon for employment across the capital as a large proportion of London’s workforce are employed by the sector.

The return of office workers has also supported restaurants’ income, prompting them to scale staffing levels in response to high demand.

Read more: Weekend Read: Job market tension threatens to derail Britain’s economic recovery

Kate Shoesmith, deputy CEO of the REC, said: “London’s jobs market [is] kicking back into gear as the hospitality and retail sectors open up and more people return to offices in the capital.”

However, she pointed to severe supply and demand imbalances in the labour market due to employers struggling to attract talent to fill vacancies.

“Employers need to consider their offer to candidates at times like these, and we are already starting to see wages rising in some sectors” she added.

The warning comes as supermarkets and other firms are struggling with intense worker shortages due to staff being told to self-isolate by the NHS Covid-19 after they had come in contact with someone who tested positive for coronavirus.

Across the whole of the UK, new weekly job postings rose 194,000 over the last week, meaning total active job adverts now stand at 1.57m.

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