Recruiters report sharpest rise in UK job seekers since December 2008

UK recruiters are reporting the steepest rise in the number of people seeking work since the depths of the financial crisis, as companies dismiss staff who had previously been furloughed.

The increase in the supply of temporary staff in July was the biggest in 23 years of records, according to the Recruitment & Employment Confederation.

Its latest monthly survey, conducted with KPMG, showed that more than four-fifths of recruiters reported increases in staff availability, with the supply of permanent staff rising at the sharpest pace since December 2008.

This follows seven years up to the start of the Covid-19 pandemic, when most recruiters reported finding it harder to fill posts.

The KPMG/REC survey corroborates anecdotal reports of vacancies in bars, hotels and customer services teams attracting hundreds of overqualified applicants, with few companies hiring and job losses starting to mount up.

“There is a wave [of unemployment] coming towards us

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Coronavirus: Arsenal blames pandemic revenue hit for job losses | Business News

FA Cup winners’ Arsenal have announced plans to cut dozens of jobs as the continuing coronavirus crisis takes a toll on revenues.

The Premier League club’s head of football Raul Sanllehi and managing director Vinai Venkatesham used a joint statement to outline a series of pressures which are expected to drag on the club’s finances for the foreseeable future.

The decision follows the completion of the severely disrupted 2019/20 season that saw Arsenal finish 8th in the Premier League but secure Europa League football in 2020/21 following a 2-1 FA Cup final win over London rivals Chelsea.

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Arsenal won the FA Cup

That victory secured a welcome £3.6m prize while Europa League qualification guarantees the Gunners a further windfall of at least £2.5m.

The club said it had been forced to begin consultations with staff over 55 proposed redundancies in a bid to reduce its cost base.

It includes

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Business urges rethink on Sunak’s job support measures

Ministers were urged to rethink measures to avert mass unemployment after companies warned in a survey on Wednesday that they would not use schemes set out by the government last month to protect jobs.

Rishi Sunak, the chancellor, unveiled a package of measures in his summer statement to support jobs across the UK that the government said would give businesses the confidence to retain as well as hire workers.

His plan for jobs included a £1,000 “bonus” for companies for each furloughed worker they bring back, as well as a subsidy to cover some of the pay for young people, and grants for apprentices and trainees.

But according to a survey of more than 500 companies by the British Chambers of Commerce, only 43 per cent said that they would seek the furlough bonus and far fewer stated they intended to use the other schemes.

The survey findings come as

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Furlough scheme wind down sparks UK job fears

UK ministers have been warned that hundreds of thousands of jobs are at risk after the furlough scheme that helped pay the wages of more than 9m workers during the coronavirus lockdown begins to wind down, even as parts of England face new lockdown restrictions.

The easing of the government’s furlough scheme is part of a broader effort to return the British economy to a degree of normality. From Saturday, employers will be encouraged to bring more staff back to their offices to try to boost hard-hit sectors such as high street retail and dining.

Companies will also start paying national insurance and pension contributions for furloughed staff as part of a phased ending of a scheme that has so far cost the taxpayer more than £31bn.

But, with many parts of England facing the prospect of new lockdown restrictions as coronavirus cases rise, MPs and business groups have warned

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