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Economics

UK Job Vacancies Hit Another High in Sign of Tight Labor Market

  • Severe staff shortages need resolving to ‘get economy growing’
  • REC report shows construction industry at center of crisis
Morning commuters in London, UK.

Morning commuters in London, UK.

Photographer: Chris J. Ratcliffe/Bloomberg

UK job vacancies hit a new high last week, according to the Recruitment & Employment Confederation, providing further evidence that the labor market remains extraordinarily tight.

Employers advertised 1.69 million jobs in the week to June 12, a record for 2022. Almost all occupations showed increases. The construction sector saw the biggest rises, with notable demand for tool makers, carpenters and construction supervisors.