Offices, insurances, phones, computer systems, payroll, invoicing, staff, candidates and customers, the list goes on!The UK saw a standout 9.8% growth in vacancies last month, suggesting that the labour market is remaining strong in the face of a potential Brexit backlash. This is according to the latest data from job site, CV-Library, which compared its job market data from September 2016 to data from August 2016.
Key sectors for job growth during this period were witnessed in the retail (11.6%), legal (11.3%) and agriculture (10.2%) industries, signifying that many businesses are maintaining their recruitment efforts despite economic uncertainty.
In addition, some major UK cities saw above-average growth, providing further confirmation of a thriving job market:
Job Growth – Top 10 Cities – September 2016 vs. August 2016
- Glasgow – 41.4%
- Sheffield – 34.4%
- Brighton – 32.5%
- Cardiff – 29.7%
- Manchester – 25.4%
- Birmingham – 22.6%
- Hull – 21.9%
- Leeds – 13.4%
- Edinburgh – 7.6%
- Liverpool – 6.7%
Lee Biggins, founder and managing director of CV-Library comments:
“It’s great to see that business confidence is high, especially given ongoing uncertainty across the UK. September is always a busier month for recruitment, as many businesses get back into the swing of things post-summer and it’s clear that organisations are determined to keep the economy moving by taking on more talent.
“Job hunters should act fast to take advantage of such solid career opportunities, especially as the labour market looks set to pick up the pace in the remaining part of the year.”
According to the data, applications were also up last month, rising by 10% month-on-month. This is great news for businesses across the nation, as applications are meeting demand. Alongside this, companies are clearly trying to entice workers with the best offerings, as average advertised salaries in the UK now stand at £32,253; a 2% increase on September 2015, with the highest increases witnessed in Wales (5.8%) and Scotland (4.9%)
Biggins continues:
“In order to remain competitive and attract great talent, businesses are recognising the need to offer fair salaries and not allow pay to stagnate as we navigate our way through unpredictable times post-Brexit.
“It’s clearly paying off, as applications are keeping pace with business demand, providing reassurance to candidates and putting many organisations in a positive position as we approach the run-up to Christmas.”
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