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UK – Job market improves, salaries drop

01 March 2013

The UK job market is showing signs of improvement as the number of vacancies has risen to nearly 500,000, a +4% increase when compared to six months ago. Over a fifth of the jobs are part-time roles, according to the last job index by Adzuna.

“It’s been a fairly positive start to the year, with solid vacancy figures showing the labour market is relatively robust, despite the looming threat of a triple-dip recession,” said Adzuna co-founder Andrew Hunter.

But he warned that many parts of the UK, such as the East Midlands and Yorkshire, remain in crisis with job stock numbers dwindling and average wages decreasing. Youth unemployment also remains a major concern.

The index found that competition for jobs fell by -3% last month. Southern cities dominate the hotspot list while Aberdeen and Manchester are real pockets of opportunity north of the border.

Average salaries across the UK are significantly lower than during the highs of the summer last year, falling by -4.4% to £33,166 per annum.  Wales & the North West of England are the worst paying regions in the UK with average advertised salaries in February of £24,661 and £27,778 respectively. 

To see an infograph of these results click below:

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