Tuesday, 8 November 2016

UK jobs market strengthens in first quarter after Brexit vote

The latest data from the UK’s largest job site, reed.co.uk, shows that the number of jobs advertised in the first quarter since the EU referendum rose 9% on the same period last year. That’s over 48,000 extra jobs added to reed.co.uk in the third quarter of 2016 compared to last year. 

According to the latest reed.co.uk Job Index, Motoring & Automotive (+27%) and Manufacturing (+24%) were amongst the strongest performing sectors for year-on-year growth in Q3. However, jobs in Banking (-18%) and in Charity & Voluntary (-15%) saw the biggest annual contractions following the announcement of the referendum result.

Across the country the picture is positive, with all regions seeing annual jobs growth between July and September. Northern Ireland (+50.6%), Wales (+21.5%) and the East Midlands (+16.2%) were the regions reporting the biggest growth in vacancies.

However, London and the South East have both seen a drop in the number of vacancies on offer in Q3 when compared to the previous quarter, with a fall of -2.8% and -4.3% respectively.

Download the full report here>>

Picture credit: Shutterstock ref_236392702 

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