UK job vacancies hit post-recession record in NovemberComments Off on UK job vacancies hit post-recession record in November
It seems now would be a good time to look for a new job.
The number of job vacancies advertised hit a post-recession record of over 1.2 million in November, according to job ad search engine Adzuna – an increase of almost a third compared to last year.
Though the figure may have been flattered by an influx of festive roles, Adzuna said falling unemployment meant there were now almost two vacancies for every job seeker.
Advertised salaries were also up for the first time in eight months. They edged up 0.2% to take the average advertised UK salary to £33,118.
Adzuna said this could be the first signal of future wage inflation – something closely watched by the Bank of England’s interest rate setting committee.
However, the company warned that there were still problems in the labour market.
Adzuna co-founder Doug Monro said that the data also reflects a number of roles that have gone unfilled due to skills shortages and that the introduction of the National Living Wage in April could discourage employers from taking on more staff.
The research shows that Londoners still get offered the largest average salary in the country at £39,795, however, they have also seen advertised pay decline by the most (6.4%) over the last year.
“It’s a hard climate for job hunters in London, and as pay for graduate jobs drops it’s not a particularly positive outlook for the city,” Monro said.
Those looking for a better outlook could head to the reviving east of England and technical hubs like Cambridge, he added.
In terms of industries, customer services jobs saw the sharpest increase in advertised pay at 9.3%, closely followed by consultancy roles, which gained the 9.1%.
The oil price plunge appears to have taken its toll on the energy sector, where advertised pay slid 12%. For legal jobs the decline was 11%.