Road to Recovery? Rise in vacancies signals return to hiring
The UK economy bounced back in 2021 with national output surpassing pre-pandemic levels for the first time, boosted by buoyant consumer demand and improvements in the supply chain.
The ensuing war for talent, driven by acute widespread staff shortages, led to significant hiring activity, with recruitment services in high demand, especially through Q2 to Q4. It remains to be seen if that momentum will be carried into 2022 and whether other external factors might intervene to put a brake on growth.
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