Latest Reed Job Index Highlights Construction as a Key Growth sector

Construction and property industry jobs have grown by nearly 20% in the last year, the REED Job Index has revealed – showing that the post Brexit employment market continues to grow.

The increase from January last year was among the most significant sector rises and helped the index as a whole achieve a 5.5% lift. Other sectors experiencing significant year on year rises include Manufacturing (+24.1%), Retail (+17.7%) and Engineering (+10.6%).

Every region of the UK has continued to see year on year growth in job vacancies, the index showed. James Reed, chairman of reed.co.uk said: “There’s a lot of uncertainty in world politics at the moment, but our data shows that in spite of everything the UK jobs market remains buoyant.

“With year-on-year rises in job vacancies across every region, we can approach the triggering of Article 50 with the knowledge employment remains robust across the entire country.”

The good news comes as predictions for future economic growth have again been revised upwards by the National Institute of Economic and Social Research think tank.

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However, year on year falls in the Apprenticeships and Training sectors within the index remain a concern.

JOB INDEX: JANUARY 2017

• The Job Index is at 267 for January
• The Job Index is up 5.5% YoY
• The Job Index is down 0.7% MoM (due to seasonality)

BY SECTOR

Year on Year Growth:
1. Purchasing +37.6%
2. Security & Safety +25.1%
3. Manufacturing +24.1%
4. Transport & Logistics +20.8%
5. Graduate Training & Internships +19.4%

Year on Year Decline:
1. Training -54.3%
2. Social Care -26.5%
3. Estate Agency -20.1%
4. Apprenticeships -14.0%
5. Energy -12.5%

Month on Month Growth:
1. Apprenticeships +2.9%
2. Graduate Training & Internships +0.9%
3. Leisure & Tourism 0.0%
4. Media, Digital & Creative -0.2%
5. Financial Services -1.0%

Month on Month Decline:
1. Education -18.1%
2. Energy -17.5%
3. Transport & Logistics -15.2%
4. Health & Medicine -12.1%
5. FMCG -5.6%

BY REGION

Year on Year Growth:
1. Northern Ireland +76.7%
2. Wales +20.1%
3. North East England +8.5%
4. West Midlands (Region) +8.4%
5. South West England +7.6%
6. Scotland +7.6%
7. Yorkshire and Humberside +6.8%
8. North West England +6.4%
9. East Anglia +6.0%
10. East Midlands +5.5%
11. London +4.1%
12. South East (excl. London) +2.1%

Month on Month Growth:
1. Northern Ireland +10.3%
2. East Anglia +2.9%
3. South East (excl. London) +1.6%
4. Scotland +0.8%
5. South West England +0.4%
6. Yorkshire and Humberside 0.0%
7. London 0.0%
8. North West England -1.4%
9. Wales -1.5%
10. West Midlands (Region) -1.6%
11. North East England -4.7%
12. East Midlands -5.6%

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