The coronavirus market has hit the job market hard, data shows, but vacancies in key industries continue to rise.
According to the study from CV-Library, job postings and applications by 15.1% and 10.3% respectively last month.
The study, which explores job market data from March 2020 and compares this with figures from February 2020 and the same period in 2019, also reveals that key industries across the UK experienced an above-average drop in job vacancies month-on-month.
The biggest fall in job vacancies was in administration, which experienced a 39.1% drop, closely followed by leisure & tourism (-38.9%).
What’s more, when looking at applications, the industries that experienced the biggest drops were leisure and tourism (-29.9%), administration (-24.1%), marketing (-23.4%), consulting (-21%) and catering (-18.6%).
“With global supply chains disrupted and many organisations forced to close their doors in order to respect social distancing rules, companies have had to change the way they operate and adapt to this new normal,” said Lee Biggins, CEO and founder of CV-Library.
“Sadly, this has involved placing existing employees on furlough and even making redundancies.
“The national unemployment rate is set to soar in April and there’s no doubt that this will be a really tricky time for business owners across the UK. However, we will come out the other side of the pandemic and organisations need to be ready.
“Remember, we may be under these social distancing restrictions for some time, so be prepared to hire remotely and consider how that’s going to work. For example, you’ll probably need to adapt your recruitment process to rely on techniques such as video interviews.”
Furthermore, while many industries are struggling, the data shows that job vacancies have increased in some key sectors when looking at year-on-year figures. This includes roles in the public sector (up 103.7%), agriculture (up 98.7%), social care (up 17.9%), education (up 2.9%) and distribution (up 2.1%) industries.
Alongside this, the current situation has caused new candidate registrations on the CV-Library site to rise dramatically, with the amount of people registering their CV increasing by 8.1% month-on-month and 11.1% year-on-year.