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Job market grows despite Brexit uncertainty

Posted on from Changeboard

The number of vacancies in the UK has increased month-on-month despite economic uncertainty. With business confidence still high in the UK, now is the time for job hunters to act.

The UK job market saw a 9.8% growth in vacancies last month, despite a potential backlash in light of the vote to leave the European Union (EU).

According to the latest data collated by CV-Library, September saw a sizable increase in available roles from August.

Key sectors for growth included retail (11.6%), legal (11.3%) and agriculture (10.2%), indicating that businesses are maintaining their recruitment efforts despite economic and political uncertainty. 

The high level of growth was particularly noticeable in cities such as Glasgow (41.4%), Sheffield (34.4%) and Brighton (32.5%).

The Office for National Statistics recorded a marginal increase in job vacancies last quarter, with 752,000 vacancies recorded between June and August 2016, an increase of 3,000 jobs from March to May. 

Lee Biggins, founder and managing director of CV-Library commented: “It’s great to see that business confidence is high, especially given ongoing uncertainty across the UK. September is always a busier month for recruitment, as many businesses get back into the swing of things post-summer and it’s clear that organisations are determined to  keep the economy moving by taking on more talent. 

“Job hunters should act fast to take advantage of such solid career opportunities, especially as the labour market looks set to pick up the pace in the remaining part of the year.”

The number of applications also increased last month, rising by 10% month-on-month, signalling that applications are meeting demand.

Average advertised salaries also increased to £32,253, marking a 2% increase on September 2015. The highest increases in wages were witnessed in Wales (5.8%) and Scotland (4.9%).

Biggins added: “In order to remain competitive and attract great talent, businesses are recognising the need to offer fair salaries and not allow pay to stagnate as we navigate our way through unpredictable times post-Brexit.” 

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