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June data for ICAP, the market operator and risk mitigator, UK Labour Market Indices shows higher vacancy levels compared with 2012, but increased numbers of applicants per vacancy. Despite declines in the number of vacancies in June, the Vacancy Index remains positive, growing 2.39 points in June. After recent improvements; however, the ICAP Unemployment Index grew +4.1% in June to reach +29% above June 2012 levels.
Permanent and temporary vacancies grew in June by +6.5% and 14.5%, compared with June 2012. Vacancies fell; however, for both permanent and temporary vacancies month-on-month, by -6.9% and -4.5% respectively.
Education & Training and Automotive remain the top two sectors with the strongest quarterly growth. Year-on-year growth in both sectors was +23.6% and 38.4%, respectively. As well as strong permanent vacancy demand, the Automotive sector had large gains in temporary vacancies, growing +50.5% quarter-on-quarter and +61.9% year-on-year.
Call Centre & Customer Services reported the second highest increase in temporary vacancies with +36%, quarter-on-quarter. There was also growth in Hospitality & Catering (+34%), Transport & Rail (+33%), and Sales (+33%).
Telecommunications saw the largest fall in temporary vacancy demand over the quarter, declining by -26.1%. Travel & Tourism and Advertising & PR also noted falls in vacancy demand; -23.2% and -20.9% over the quarter, respectively. Medical & Nursing and Defence & Military also recorded declines in the number of temporary vacancies, -20% and -18% respectively, quarter-on-quarter.