Britain's job market has had a turbulent time over the last decade, enduring the lows of a recession to bounce back to record highs in 2019.
However, according to UK recruitment giant, REED, Britain could be in store for another hefty setback in the near future – one that could negatively affect employment nationwide.
Alarming Job Statistics
REED chairman and company namesake, James Reed, recently expressed his fears of another impending recession on the horizon, following what he calls “the largest fall in jobs since 2010”.
According to Mr Reed, company statistics have seen alarming trends in hospitality and education, where both sectors have seen declines of 24% and 10% respectively.
The Mail on Sunday went on to confirm that the site saw job vacancies drop by 2.3% in the second quarter. While this may not seem much, that figures actually equates to 16,467 job listings.
This is by no means an indictment on REED – they are still Britain’s most popular recruitment site online. As such, this should very much come as worrying news for those heading into the job market or currently in unemployment.
While these trends are a likely by-product of the uncertainty surrounding Brexit and the UK’s immediate future, there are ways to safeguard your job security and employability.
Despite the fall in job listings and notable hits in a number of industries, James Reed also noted that there was an increase in demand for skilled workers. Meanwhile, the REED site also saw a growth in temporary jobs.
For contractors and those in the trade, such news may come as an encouraging sign, particularly for those that are self-employed.
Skills to Pay the Bills
While the prospect of a potential recession on the horizon is not good news for anyone, there is a glimmer of light at the end of the tunnel for those looking to learn a trade.
Tradespeople trained in a specific skill – such as electricians, gas fitters and plumbers – will be far more protected in the event of a downturn in the jobs market. The reason for this is that these services are vital for maintaining public utilities.
In fact, the aforementioned jobs in particular are often found in lists of so-called “recession-proof” jobs. While that term is naturally to be taken with a pinch of salt, these jobs are undoubtedly more secure than those within unstable industries, like hospitality.
Access Training Courses
If you are interested in learning a trade or switching career paths, now is the perfect time to consider making the jump. Why not take a course with Access Training UK and safeguard your employment future today?
Click the links below to find out more about our utility-related courses and protect your financial future today:
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