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UK – Job vacancies increased according to Reed Index

02 July 2012

Job vacancies in June increased by +7.4% year-on-year, the latest Reed Job Index shows. But the results, published today, also indicate that monthly growth was down by -4.8% which was mainly due to an extended bank holiday period, analysts say.

The index, a monthly measure of conditions and trends in the job market, increased to 134 index points in June, seeing a +7.2% rise from the 125 points recorded last year.

The motoring and automotive, health and medicine, and social care sectors showed the strongest increase in job vacancies, recording annual growth of 79%, 66% and 61% respectively. The engineering sector also fared well, boasting the highest index score of all sectors (243) and a strong annual growth rate of +34%. 

But the banking sector saw a year-on-year decline in job vacancies with its index points dropping by over -33% while financial services jobs also showed a decline in its index scores of -17%.

“Following two months of encouraging figures, we can say with some confidence that the UK jobs market is in a significantly healthier position than it was this time last year… job opportunities are growing healthily across many sectors and in the vast majority of regions,” said Martin Warnes, managing director at reed.co.uk.

There has also been a strong rise in part-time opportunities, “reflecting a growing flexibility and open-minded approach on the part of employers to look for ways to retain roles and sustain business development in a challenging economy,” Mr Warnes said.

Salaries in June remained flat year-on-year in the over 30 sectors covered, which include accountancy, engineering, education, legal, recruitment, HR and manufacturing.

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