Volume of job vacancies jumps 17.7% in May

New data from CV-Library, reveals that advertised job vacancies in the UK increased by 17.7% in May and shows top cities for job growth.

This latest news suggests that business confidence remains strong across the UK.

CV-Library analysed the number of jobs available in key UK cities in May as compared to those available in April. The resulting data found that while the increase was consistent across the UK, Brighton, Nottingham and Sheffield topped the list of those showing most growth.

The data also reveals that many key UK cities also experienced an increase in pay, with Brighton, Sheffield and Liverpool rising by 8.1%, 7.4% and 3.6% respectively.

Average salaries across the UK rose by 4% month-on-month and 4.7% when compared with data from May 2016.

This however is in contrast to application rates which saw a decrease last month. A drop of 2.4% across the UK, when compared with April 2017, suggests that candidates may be holding back on job moves until they know where they stand post-election. This pattern continued across the nation with Leeds, Manchester and Brighton decreasing by 8.9%, 7.5% and 2.7% respectively. 

Lee Biggins, founder and managing director of CV-Library, comments: “It’s great to see business confidence is remaining strong, with job vacancies increasing in key cities and sectors across the UK. Not only this, but with salaries also seeing an impressive increase last month, it’s clear that businesses understand the need to offer candidates the very best packages.

“There have been many promises to build a stronger job market in light of the upcoming election. However, with article 50 now triggered, many workers across the nation are uncertain about the future and this could be why we have seen a decline in candidate appetite. That said, it’s great to see that businesses are not slowing down, as they push harder to entice talented candidates into their organisations.”

Top Ten Cities for Biggest Increase in Jobs

1. Brighton – 23.3%
2. Nottingham – 21.6%
3. Sheffield – 21.3%
4. Leeds – 21.1%
5. Birmingham – 20.4%
6. Newcastle – 20.4%
7. Liverpool – 19.6%
8. Glasgow – 18.1%
9. Bristol – 17.1%
10. Manchester – 15.5%

Wednesday, 7 June 2017

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Volume of job vacancies jumps 17.7% in May