Daily News

View All News

UK – Advertised vacancies reach over 1 million in November

03 January 2017

The total number of advertised vacancies in the UK reached 1,165,052 in November, a 12-month high, according to the latest UK Job Market Report from Adzuna.

The total vacancies in November 2016 are the largest number of advertised openings since the 1,244,772 posted in November 2015.

Adzuna states that the continued emergence of the gig economy helped contribute to the fall in unemployment throughout 2016, suggesting short-term and flexible employment will continue to play a key role in the jobs market in 2017 and beyond.

However, while the number of opportunities continues to rise, Adzuna states that salaries are still stagnating. The average advertised salary now stands at £32,221, down 2.7% in comparison to figures in November last year (£33,118).

Advertised salaries have been steadily decreasing for more than two years now according to Adzuna data, with the increase in total vacancies weakening the average. Variations in salary have also been impacted by wider socio-economic factors such as the gender pay gap.

In addition to gender pay issues and flatlining wages, there also remains a degree of uncertainty around how Brexit might impact the supply of labour and the knock-on implications for salaries.

“The jobs market has fared well in the main this year, given the unexpected events within the political climate,” Doug Monro, co-founder of Adzuna, said. “Despite total advertised vacancies increasing significantly, it may be too early to brand the jobs market a complete success given salary stagnation and the unpredictability that may lie ahead in the coming New Year.”

Adzuna figures showed that the Retail sector and Logistic and Warehouse sectors showed decreases due to the Christmas season. Typical advertised salaries in the Retail sector currently stand at £21,769, down by 17.4% from this time last year.

Despite the annual Christmas rush and the traditional festive seasonality, the retail sector and logistic and warehouse sector have surprisingly struggled of late,” Monro said. “Usually the rise in consumer demand and lavish spending means retailers tend to capitalise on the commerciality both online and on the high street. However, this year figures seem to have stagnated. Both sectors play a crucial role in the run up to Christmas as well as the aftermath of Boxing Day and subsequent January sales, but workers wanting better rewards for their efforts may be tempted to look elsewhere.”

Among the cities, Cambridge ranked as the best city to find a job while Sunderland ranked as the worst.