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The Adzuna Job Index reveals that live vacancies in the UK increased +1.4% over 12 months demonstrating real labour market resilience and a sign that economic recovery may be underway. In contrast, average advertised salaries have fallen month-on-month -0.2% and are significantly down year-on-year -1.7%.
Staffing Industry Analysts Director of Research, Adam Pode said, “The improvement of Adzuna’s Job Vacancies Index in May, up +1.4% year-on-year, is very positive. But it is too early to say that long awaited economic recovery is underway. On the salary front Adzuna’s data confirms studies by the TUC and the Institute of Fiscal Studies, which have shown that general salaries, even for those staying in the same job, have been falling. However, the data for IT and Energy sector workers shows what a demand there is for these skills.”
Areas of greatest competition are identified as the Wirral with more than 56 candidates per vacancy, followed by Salford with 49, and Hull with 46. Areas with the fewest candidates per vacancy are Aberdeen (0.37), Cambridge (0.6), and Guildford (0.71).
London and the South East are the only parts of Britain on a positive pay trajectory. Scotland held steady with +0% change in average salaries over the past six months. Wales and Eastern England experienced the biggest half year fall in average salaries of -4%.