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The UK job market grew in March, continuing the positive growth in jobs seen throughout the first quarter of 2013, according to the latest Reed Job Index.
The Index measures the trends in employment opportunities in the UK and currently stands at its highest ever level, eclipsing last month’s previous best by 1%. Overall, there were 9% more job opportunities on offer during the first quarter of the year, compared with the final three months of 2012.
A significant majority of sectors (81%) are now stronger than they were this time last year, with just over half (51%) growing on a monthly basis.
Looking around the UK, the majority of regions are offering more opportunities than they did last month and all but one are stronger than they were this time last year. Monthly growth in the capital unexpectedly fell back in March by just over 1%, though London is still offering some 8% more opportunities now compared with last year.
Commenting on the latest figures, James Reed, Chairman of reed.co.uk, says:
“Commentators could be forgiven for expecting the jobs market to fall back slightly after taking such a significant and encouraging upward turn in February, but our March figures show there has been a clear and continuing trend for growth throughout the first quarter of 2013. There has been a very significant 10% increase in the number of jobs available compared with this time last year.
“The employment allowance announced in the budget is an additional fillip that will hopefully encourage still more employers to hire.”
The monthly Reed Job Index is compiled by the job site www.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.