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UK – Reed expects buoyant pre-Christmas season

01 November 2012

In October, the number of jobs on offer grew by +8% when compared to a year ago while month-on-month vacancies increased by +4%, according to the latest job index by job board Reed.

The research shows that two third of employment sectors in the country showed a significant monthly increase in job opportunities with education (+17.0%), customer service (+11.8%) and sales (+12.1%) boasting the highest growth rates.

 “While turbulence in the eurozone continues to be the order of the day, employers will rightly continue to be cautious – but our figures point towards a buoyant pre-Christmas period for the jobs market, with seasonal industries already recruiting new roles in encouraging numbers,” said James Reed, chairman of Reed Global.

11 of the 12 UK regions monitored by Reed saw a month-on-month rise in vacancies during October, with only Wales showing a decrease of 3%. Northern Ireland, the North East and the North West enjoyed the biggest monthly gains, each growing by more than +6%.

A separate report by Morgan McKinley found that the number of job opportunities across financial services in London increased by +11% in October when compared to September. But job opportunities fell by -36% year-on-year in the capital.

“Typically at this time of year, hiring activity increases as managers are ensuring they utilise budget and get sign-off in time to add headcount before the year end,” said Hakan Enver, operations director at Morgan McKinley. “Whilst we are still seeing demand for individuals with risk expertise, we are also seeing interest in finance professionals, somewhat bucking the trend so far this year.”

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