LONDON (9th November 2021) — Today, TopCV, the world's largest CV-writing service, announced the latest results of its Job Seeker Index. The TopCV Index of UK Job Seeker Sentiment, which tracks how job seekers are feeling about job market conditions and overall job security, posted a small increase in October for the third month in a row, climbing to 111 from last month's 110 and making it the highest level of confidence reported since TopCV first launched the index in April 2021. Similarly, the Current Conditions Index posted a modest 1.49% increase of 136 from last month's 134, while the Expectations Index remained steady at 96.
Amanda Augustine, careers expert at TopCV, reflected: “It's fair to assume these high confidence levels amongst job seekers are a reflection of the number of job vacancies in Britain. According to the Office of National Statistics, the number of job vacancies in the UK has reached a record high, surpassing one million for the first time since records began.”
Of note: Unemployed job seekers continue to report feeling increasingly optimistic about both current conditions and future expectations of the job market for the fourth month in a row. In contrast, employed job seekers experienced an overall dip in confidence about their job prospects compared to the previous month. While confidence levels slightly decreased, the desire to explore options in the job market may still be present. Headlines about the “Great Resignation” appear to reflect this.
About the TopCV Job Seeker Index
The TopCV Index of UK Job Seeker Sentiment is conducted online within the United Kingdom. Since it was first calculated and benchmarked in April 2021, the survey has collected data from 10,654 adults who've identified as active job seekers in the United Kingdom. Respondents are randomly selected from among TopCV's site users each month to share their opinions on current conditions and future job market and workplace expectations, and the findings are at a 99% confidence level with margin of error +/-3%.
The TopCV Index of UK Job Seeker Sentiment was inspired by the University of Michigan Consumer Sentiment Index (UMCSENT) and has been computed using the same methodology. Scores of 100 or higher indicate an increase in positive sentiment compared to the April 2021 benchmarks, whereas sentiments of 99 or lower indicate an increase in negative sentiment compared to the benchmarks.
TopCV, a Talent Inc. company, is the world's premier CV-writing service, analysing millions of CVs and LinkedIn profiles each year. Job seekers work directly with professional writers and industry experts to redefine their personal brand and stand out from the crowd during the job-search process. Follow TopCV on Facebook, LinkedIn, Instagram and Twitter.
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