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UK – Job market sees five-year high

04 June 2013

The job market is at its healthiest since 2008 following a record surge in new positions being made available by employers, according to the latest Reed Job Index. This showed that job opportunities in May rose by +8% from April. Annually, this figure is up by +17%.

Most sectors showed both a monthly and annual increase in available jobs. Among the sectors enjoying the most demand were the education and health and medicine professions, both experiencing annual growth of around 60%. The training sector proved the biggest monthly riser, up by +26% compared with April.

The bright picture is mirrored across the UK with 8% more positions on offer in every region compared with last month. On an annual basis, only Northern Ireland remains behind where it was this time last year. Londoners had more job opportunities to target in May, with new roles in the capital up 14% year-on-year.

“In line with the season, the jobs market has bloomed this spring after steadying in April. We are particularly encouraged by the fact that the majority of employment sectors are showing growth,” said James Reed, Chairman of reed.co.uk.

“We believe that a jobs-led recovery is the way forward for the UK economy and, with the latest service sector and house price data starting to indicate the wider health of the economy picking up of late, we are starting to see the tentative recovery very much being led by the buoyant jobs market.”

The Reed Job Index analyses job advertisement trends from over 10,000 recruiters throughout the UK.

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