The UK job market is at it healthiest since 2008 following a record surge in new positions across all sectors, according to a report by recruitment firm Reed.
Reed’s Job Index, which is compiled using data from over 10,000 employers, said there were 8% more job opportunities on offer in May than in April. Annually, growth in new positions is currently over 17%.
The report said there were more opportunities for jobseekers in over 90% of the UK’s employment sectors last month compared with April, with one in four sectors making over 10% more jobs available.
Reed said the rise in new positions was also seen in all parts of the UK rather than just London and the South East.
Reed’s Chairman James Reed said: “In line with the season, the jobs market has bloomed this spring after steadying in April. We are particularly encouraged by the fact that the majority of employment sectors are showing growth.”
“We believe that a jobs-led recovery is the way forward for the UK economy and, with the latest service sector and house price data starting to indicate the wider health of the economy picking up of late, we are starting to see the tentative recovery very much being led by the buoyant jobs market.”
The report also showed that salary growth remained at the same level as this time last year.
Reed added: “Looking ahead, it will be interesting to see whether this month’s GDP and ONS figures follow suit. Both measures have recently shown encouraging, if modest growth and there are strong signs the growing health of the jobs market will continue to help drive the economy forward.”
Article courtesy of ShareCast
