Thursday, 13 June 2013

UK jobs market begins to bloom after record Spring

In April, we reported encouraging news on the job market for the first quarter of 2013. We are delighted to hear that the latest figures for May indicate even better news. The latest Reed Job Index shows that we are currently at a five year high for new job opportunities. 

You can download the full report here. 

The jobs market is at its healthiest since 2008 following a record surge in new positions being made available by employers from nearly all industry sectors. Overall, the Reed Job Index now stands at 165, compared with 153 last month and 141 in March 2012.

Figures released for May 2013 show that there were 8% more opportunities on offer in May than in April. Annually, the growth in new positions stands at over 17% with the Reed Job Index achieving 165 points in May, the highest yet.

Job demand
Overall demand for staff grew in over 90% of the UK's employment sectors in May, with a thirteen point rise across the UK compared to April, with one in four sectors making over 10% more job opportunities available. The index now stands at 165, 17% higher than May 2012 and 21% higher than the 2012 average.

Among the sectors enjoying the most notable growth were the education and health and medicine professions, both experiencing annual growth of around 60%. The training sector proved the biggest monthly riser, up by 26% compared with April.

Overall, the Reed Salary Index now stands at 98, compared with 99 last month, meaning remuneration is at the same level it was this time last year.

On average, there are 8% more positions on offer in every UK region compared with last month, with the number of new opportunities available in the capital up 14% year on year.

Steve Rogan, Managing Director of Pinnacle Consulting, commented:

"We are pleased with the news released in the latest Reed survey, it confirms what we have been seeing for ourselves in recent weeks - that employers are becoming more confident in their desire to recruit. However, it is also clear that employers are being very careful to recruit in the right areas to stimulate growth or maximise the chances of turning enquiries into orders. 

"One thing the recession has taught companies is to consider the importance of the recruitment process much more carefully than before, rather than having to pay the cost later".

If you are currently looking to recruit or need a new challenge, please contact us to discuss your needs on 01480 405225. We promise to provide you with expert advice on the best way to address your requirements and to avoid recruitment mistakes being made.

Image courtesy of 'Job Interview' Ambro /

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