Job Opportunities Down, but up 22 Percent Year on YearBy Reed.co.uk, PRNE
Monday, May 2, 2011
LONDON, May 3, 2011 - Job opportunities across the country slipped further back last month,
down 3 Index points (2 per cent) in April compared to March, according to the
latest Reed Job Index. However year on year employer demand is up 22 per cent
to give a Reed Job Index reading of 125.
UK vacancies for jobs (www.reed.co.uk/) have risen 25 per cent
since December 2009, (when the Index's baseline was set at 100) according to
the report compiled by the UK's largest recruitment site reed.co.uk.
Following the steep rise in vacancies this Spring, April's job demand is
still 20 percent higher than the level for the whole of last year. Private
sector growth is responsible for this increase, as new public sector jobs
remain at only half the level they were when the Index began.
Salaries for new jobs have stayed one percent lower in real terms than in
December 2009. Although this level is unchanged from last month, it means
salaries are lagging further behind inflation to give a Reed Salary Index
reading of 99.
Job demand in sectors like Banking jobs in london (
www.reed.co.uk/LocalJobs/London,-South-East-England) and Leisure &
Tourism has fallen back from the prior month's record highs. However other
job sectors have bucked the trend and risen up. Job demand continues to grow
across both the manufacturing the service sectors, with increases in
Engineering, Customer Service, Estate Agency, Human Resources, IT and
Martin Warnes, Managing Director of reed.co.uk, comments on the Reed Job
Index for April:
"The numbers of new job vacancies fell back down in April, perhaps not
surprisingly as the Easter and Royal Wedding holidays led to a disjointed
period for UK businesses.
"However, the Reed Job Index (www.reed.co.uk/jobIndex) remains
over 20 percent higher than last year's level following the steep increase in
the first quarter of the year, as reflected in the falling unemployment and
rising GDP figures for the same period.
"Clearly business growth has been sustained at a higher level than the
last Quarter of 2010, but continued recovery remains difficult to predict."
For further information (including exclusive quotes, in-depth statistics and trend data) please contact Katy Nicholson on katy.nicholson at reedonline.co.uk or call +44(0)7712-873780
Dragon Court, 28 Macklin Street, London, WC2B 5LX
Tags: London, May 3, Reed.co.uk, United Kingdom