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UK – Job market at three-years high, says Reed

02 January 2013

UK jobseekers have the highest number of new employment opportunities at their disposal for three years and the job market is significantly more buoyant than a year ago, according to the latest Reed Job Index.

The largest monthly measure of conditions and trends in employment opportunities in the UK indicates that the market in December 2012 is over 10% stronger than it was in December 2011 and registered consistent quarterly growth over the course of 2012.

Furthermore, the overwhelming majority of employment sectors (81%) are in better shape at the end of 2012 than they were at the same point in 2011. Indeed, 15 (45%) have grown by over 15% during 2012, with the charity & voluntary, education and safety & security sectors all showing exponential growth of over 50%.

The picture is equally encouraging across the UK, with every region offering more opportunities than this time last year. Notably, Northern Ireland and the North East were 2012’s big winners, registering 54% and 38% year on year growth respectively. London also continued to show impressive annual growth, with opportunities in the capital up by 10%.

Overall, the Reed Job Index now stands at 134, compared with 140 last month and 121 in December 2011.

Growth in salaries remained flat with the index registering a slight fall of 1% across the year. The Reed Salary Index finished the year at 98 compared with 99 in December 2011.

Commenting on the latest figures, Mark Rhodes, marketing director at reed.co.uk, said: “2012 has been a year of consistent recovery for the jobs market. We have seen growth across the board in the majority of sectors and regions as employers become increasingly less cautious about their approach to taking on new personnel.

“Perhaps most encouraging has been the recovery in areas such as the North East, where automotive and manufacturing companies have given a vote of confidence to the local workforce by making available vital new roles.

“While the wider economic climate makes it difficult to make predictions for the year ahead, the growing sense of optimism among employers is likely to persist and leading official indicators such as the latest ONS figures also continue to point towards an upward trend in jobs growth. There will undoubtedly continue to be bumps along the way but 2013 promises to be another year of continued recovery.”

The Reed Job Index is compiled by reed.co.uk through analysis of job advertisement trends from over 10,000 recruiters throughout the UK tracked against a baseline of 100 established in December 2009.

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