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Brexit vote fails to affect the UK jobs market

Jobs website, Adzune, reveals that 1.1 million jobs were advertised in June 2016, representing almost two vacancies for every active job-seeker

Cambridge, a hub of scientific and technical innovation, came out as the leading area with 14 vacancies per job-seeker, while Guildford, Reading, Oxford, and Winchester were described as forming a South East “bubble” where demand outweighed supply.

Co-Founder of Adzuna, Doug Monro, said, “Rising vacancies in June suggests that the jobs market was strong pre-Brexit and that employers may still be keen to hire in the next couple of months.

“There’s a long journey ahead to deal with upcoming changes, political, legal and financial, but the jobs market is adaptable. Negative headlines disguise a picture of steady growth in the run up to the vote.

“As well as more jobs on offer, an ongoing skills shortage is making jobseekers more valuable to companies. Employers are competing to snap up those with the right skills, giving applicants more bargaining power in the boardroom over salary and benefits. Job-hunters now have more options and can push for a better deal.”

The report also showed that legal and financial jobs have experienced a slight lull post-Brexit, suggesting it may take these sectors a little longer to recover.

Employment Minister Damian Hinds commented, “The jobs market is in a position of strength thanks to a record employment level that has risen in all regions and nations of the UK over the last year. Our task now is to build on this success and support more people of all abilities and backgrounds into work so they can reap the benefits that come with having a job.”

Theresa May commented saying, “As I said on my first day as prime minister,  I will govern for the whole United Kingdom, and we will look to build an economy that works for everyone, not just the privileged few.

“That is why we need a proper industrial strategy that focuses on improving productivity, rewarding hard-working people with higher wages and creating more opportunities for young people so that, whatever their background, they go as far as their talents will take them. We also need a plan to drive growth up and down the country – from rural areas to our great cities.

“If we are to take advantages of the opportunities presented by Brexit, we need to have our whole economy firing. That’s why this committee’s work is of the highest priority and we will be getting down to work immediately.”

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