Reed.co.uk

April 04, 2011 12:53 ET

reed.co.uk Announce Job Opportunities Rise 25 Percent Year on Year

LONDON, UNITED KINGDOM--(Marketwire - April 4, 2011) - Job opportunities across the country slipped back last month, down 3 Index points (2 per cent) in March compared to February according to the report from the UK's largest recruitment website, reed.co.uk. However year on year employer demand is up 25 per cent, to give a Reed Jobs Index reading of 128.

This means that employer demand has risen 28 per cent since December 2009, when the Index's baseline was set at 100. Private sector growth is responsible for this increase, with new public sector jobs slipping further back to less than half the level they were when the Index began.

Employer demand continued to rise across ten key private sector job sectors. These range from industrial areas such as Transport & Logistics (178), Manufacturing (157), Engineering (155), and Construction & Property (124) to services job sectors such as Strategy & Consultancy (198) Estate Agency (120), and Hospitality & Catering (119). In contrast the Reed public sector jobs Index now reads 49.

Salaries for a new job edged up one point from February to March, to give a Reed Salary Index reading of 99.

This means that salaries on offer for a new job search are still down one per cent in real terms since December 2009, and continue to lag behind rising inflation. At the same time a few initial indications of skills shortages have appeared, with salaries above the December base-line and rising in areas such as Administration, Estate Agency, Hospitality & Catering and HR job sectors. In Banking salaries for new jobs have reached their highest level since the Index began, with a Reed Banking Job Index reading of 127.

Martin Warnes, Managing Director of reed.co.uk, comments on the Reed Job Index for March by saying "The sharp rise in job creation witnessed in January and February has slowed, indicating that economic recovery should not be taken for granted. Indeed, rising inflation, rising unemployment figures and international turbulence have been reminders that the economy remains fragile.

"However job creation is well ahead of last year especially for the likes of jobs in London. Encouragingly this growth has been spread across a wide range of private sector areas, from Engineering and Manufacturing right through to service sector staff from Strategic Consultants to Catering. With high job competition keeping salaries flat this is a good time for employers to find the talented people they need."

For further information (including exclusive quotes, in-depth statistics and trend data) please contact Katy Nicholson on katy.nicholson@reedonline.co.uk or call 07712 873780

Dragon Court, 28 Macklin Street, London, WC2B 5LX

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 90,000 job opportunities from 8,000 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