Reed.co.uk

Reed.co.uk

November 02, 2011 13:03 ET

IT Job Opportunities Rise to Their Highest Level for Two Years

Reed IT Job Index Up 24 Points to 173 in October

LONDON, UNITED KINGDOM--(Marketwire - Nov. 2, 2011) - The jobs market for IT staff rose at double the rate of any other job sector across the UK to reach its highest level for nearly two years, according to the Reed Job Index for October.

October's Reed IT Job Index stands at 173, which is 24 points (16 per cent) up from September and the highest level that demand for IT staff has reached since the Reed Job Index began 22 months ago.

While demand rose across the 37 job sectors covered by the Index, the national increase was half that in IT at 8 points (7 per cent) to give a Reed Job Index reading of 129.

Employer demand for IT staff is 64 points (54 per cent) higher compared to October last year, and is 73 per cent above the level of December 2009 when the Index baseline was set at 100, according to the report compiled by job site reed.co.uk.

While demand for IT staff has increased across the board, it is especially strong for IT professionals such as software developers, software engineers, project managers, systems analysts, IT sales and IT positions with salaries of over £50,000 a year.

The exceptional rises in the IT jobs market comes against a background where demand for new staff increased across all 12 UK regions analysed in October, according to the Reed Job index. Newly advertised London jobs for instance rose by 10 index points compared with September (to 135), falling just short of February's record high.

Martin Warnes, Managing Director of reed.co.uk, comments on the Reed IT Job Index for October:

"The rise in new IT opportunities has led the increases across October's job market by a long way, with IT professionals more in demand now than at any time over the last 22 months.

"While we need to be careful not to get carried away by one month's figures, nevertheless this increase suggests a return of employer optimism about future growth - with rising demand for skilled IT professionals right at the heart of this."

NOTES FOR EDITORS

• Each month the Reed Job Index tracks the number of new job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set in December last year. The Reed Job Index is based on data from the UK's largest job board, reed.co.uk, which every day lists over 100,000 job opportunities from more than 9,000 recruiters across 37 career sectors throughout the UK.

• The Reed Job Index is compiled by data drawn from on-line job vacancies and job-seeker activity on reed.co.uk.

• reed.co.uk is the UK's largest commercial job board, with over 90,000 job opportunities from more than 8,000 recruiters at any one time.

• Independent measurement by Hitwise verifies that reed.co.uk has the highest market share of visits for any commercial job board in the UK

• reed.co.uk is part of Reed Global, the international recruitment group of companies

Contact Information

  • reed.co.uk
    Lynn Cahillane or Mark Rhodes
    020 7067 4582