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The UK job market held firm last month and posted annual growth of +14% in April, according to the latest job index by recruitment firm Reed. While job opportunities fell by -2% month-on-month, April saw a steadying of the labour market, the recruiter said.
The April figures follow a strong first quarter for the UK job market, with +9% more job opportunities on offer during the first three months of the year, compared with the final quarter of 2012. Recent GDP figures also showed the UK economy grew by +0.3% in the first three months of the year.
“April saw a steadying of the jobs market, with a slight dip due to an expected seasonal fall following the Easter Bank Holidays,” said James Reed, Chairman of reed.co.uk.
“So far this year, the Reed Job Index has been showing a clear and continuing trend for growth, which was reinforced by last week’s positive news that the UK economy avoided a triple dip recession.”
The majority of sectors, around 85%, are now stronger than they were this time last year, with particularly robust gains seen in social care, construction, education and health & medicine. Most regions in the country offered more jobs in April when compared to a year ago, including Scotland, the North West of England and the West Midlands.
“We're now seeing people apply for new jobs in unprecedented numbers, as many who have been sitting tight during the tough economic conditions of the last few years gain the confidence to look at furthering their careers with a new employer,” said Mr Reed.
“Salaries have remained static for over three years against a rising cost of living, so now is the time for many people to look for something new.”