{"id":1238,"date":"2020-03-13T10:30:05","date_gmt":"2020-03-13T10:30:05","guid":{"rendered":"https:\/\/joblookup.com\/explore\/?p=1238"},"modified":"2020-06-26T13:30:31","modified_gmt":"2020-06-26T12:30:31","slug":"wales-job-vacancies-drop","status":"publish","type":"post","link":"https:\/\/joblookup.com\/explore\/wales-job-vacancies-drop\/","title":{"rendered":"Wales Job Vacancies Drop"},"content":{"rendered":"
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Both Brexit and the Government\u2019s immigration policy continue to cause fluctuations in the labour market. Recent research from Vacancysoft suggests that overall job vacancies in Wales have dropped by around 7%. While this does indicate that an already tight job market could face even more of a squeeze, some sectors are still increasing hiring efforts.<\/div>\n
\"Wales<\/div>\n<\/div>\n

Finance, Professional Services, and the Tech sectors have continued hiring by around 10-15%, and given that Finance roles in Wales currently account for just over 20% of all opportunities, that\u2019s certainly positive news. Cardiff has also seen an increase in vacancies by nearly 8%, many of which are from the insurance sector. No surprise perhaps, given there are some major insurance companies (such as Admiral) headquartered in the city.<\/p>\n

While there are reasons to be optimistic on a case by case basis, the overall picture is still one of relative uncertainty. As no one can fully predict the double whammy effect of Brexit and the Government\u2019s immigration policy changes, caution is still being urged by a number of experts. James Chaplin, SEO of Vacancysoft, had this to say:<\/p>\n

\u2018Following the victory of the Conservatives, Boris Johnson finally has the mandate to take the UK out of the EU. However, for Wales, this could pose bigger problems than the rest of the country. The concern for policymakers will be that a fall in investment is translating into depressed activity in the labour markets. A 6.9% year-on-year dip in vacancies is a clear example of this.\u2019<\/p>\n

Given that Wales is no longer eligible for the \u00a3680 million investment it has received from the EU every year, it\u2019s a valid concern.<\/p>\n

In Scotland and England meanwhile, there\u2019s a real worry that rising vacancies in areas like care won\u2019t be met due to the immigration policy changes, and lack of easy access to an EU workforce. The care industry isn\u2019t the only one to vocalise these issues – a number of key sectors from across the UK have already spoken out about the\u00a0<\/span>impacts of Brexit and the immigration policy<\/span><\/a>\u00a0on their workforces.\u00a0<\/span><\/p>\n

On the one hand, it could be argued that the rising vacancies in areas of finance and tech are exactly what the Government is pushing for with its idea of Britain as a place for high tech innovation and talent. Before this can happen however, there are serious problems that need to be addressed, including:<\/span><\/p>\n