UK – JOB VACANCIES UP IN Q2 2018 AS BUSINESS REMAIN CONFIDENT IN HIRING
Businesses across the UK have remained confident in their hiring efforts over the last 12 months, with job vacancies rising by 11.6% in Q2 2018 when compared to the same period last year, according to the latest job market data from CV-Library.
The data found that businesses have remained resilient in the past year, despite ongoing economic uncertainty. Q2 2018 saw an increase in advertised salaries of 0.6%, year-on-year.
“Another year has passed and there’s still a great deal of uncertainty surrounding Brexit and what this will mean for many businesses across the UK,” Lee Biggins, founder and managing director of CV-Library, said. “This is particularly true right now following the resignation of both the Foreign Secretary and Secretary of State, which will inevitably delay Brexit negotiations. Yet despite this, employers across the UK appear to be showing resilience, as they’ve continued to drive their recruitment efforts in the last 12 months.”
CV-Library’s data also found that a number of key cities reported above average growth in job vacancies in Q2, the top ten include:
Hull – jobs up by 38%
Liverpool – jobs up by 19.7%
Sheffield – jobs up by 18.9%
Leeds – jobs up by 15.2%
London – jobs up by 14.2%
Glasgow – jobs up by 13.5%
Edinburgh – jobs up by 12.1%
Newcastle – jobs up by 11.6%
Manchester – jobs up by 10.7%
Birmingham – jobs up by 10.6%
A number of industries also saw organisations remaining confident. The agriculture (38.2%), legal (26.6%), IT (19.9%), hospitality (18.7%) and manufacturing (17%) sectors all saw advertised vacancies rising year-on-year.
Meanwhile, among the cities, Liverpool reported the highest growth in advertised salaries with a rise of 6.1% in Q2 2018 when compared to the previous year. This was followed by Manchester (2.6%), Glasgow (2.5%), London (1.9%) and Birmingham (1.8%).
Despite the number of job vacancies as well as average advertised salaries increasing, application rates across the UK fell in the second quarter of 2018 when compared to the same period last year.
“It’s not surprising that candidates are feeling cautious, with ongoing economic uncertainty causing many to seek stability in their existing role,” Biggins said. “Businesses are taking positive steps to encourage candidates to begin moving in the job market, and this is already paying off in some locations. As we continue moving towards our exit from the EU, we hope to see candidates confidence pick back up.”