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Brexit job market turmoil may be settling

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The impact was felt differently across the UK, with temporary roles in Yorkshire and the Humber rising by 12%

Employment levels appear to be stabilising despite ongoing Brexit concerns, according to job site Jobrapido.

The recruitment intelligence platform showed a spike in job postings after the Brexit vote. Innovantage, the analytics arm of Jobrapido, registered 1.8 million job postings in the week before Brexit. In the week after, there were a further 50,000 job postings – a 2.74% increase.

The impact was felt differently across the UK, with temporary roles in Yorkshire and the Humber rising by 12%, including a 20% increase in engineering/manufacturing roles. Temporary roles in Wales rose by 26%, including a 20% increase in property/construction roles and a 28% increase in accounting/finance related roles.

However, some areas experienced a fall in permanent positions. Yorkshire and the Humber saw a fall of 9%, including a 7% fall in engineering/manufacturing roles and an even larger 14% fall in sales roles. In London, permanent roles fell by 11%, with banking and insurance roles falling by 18% and retail roles by 20%.

This reflects a trend observed by the Recruitment and Employment Confederation (REC), whose director of policy and professional services Tom Hadley told HR magazine he expects the trend to be for permanent hiring to fall, while temporary and contract hiring increases to fill the gap.

Richard Turner, CEO at Innovantage, suggested that the post-Brexit referendum turmoil was beginning to settle down. “Whilst there is post-Brexit nervousness, and some slowdown in employment, real-time data evidence points to a robust job market. We need to be careful of the conclusions we draw regarding reported unemployment volumes because the situation is changing so rapidly.”