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Q1 results revealed for UK jobs market

UK jobs board giant, CV Library, have released their quarterly report on the UK jobs market and it definitely sets a positive outlook for the rest of the year with applications, vacancies and salaries all climbing. Let’s take a closer look.

Vacancies are on the rise

Although generally speaking businesses tend to up their recruitment game at the start of each year, this year has seen a particularly large increase in job vacancies available compared to Q4 of 2017 at a staggering 11.8%.

Some of the top 10 cities with the most growth include Aberdeen (22.2%), followed by the likes of Leeds (18.2%) and Liverpool (17%), with Manchester (16%) closely behind.

Following on from this, compared with Q4 of last year, the report shows that this year, so far, we’ve seen a phenomenal increase in job vacancies within the Agriculture, Legal and IT sectors. Shedding some light on our current EU situation, CV Library were pleased to report that it seems businesses and candidates are adapting well and “businesses were undeterred by ongoing economic uncertainty”.

Slight salary improvements

We’ve seen a positive change when it comes to pay with a slight but better nonetheless 1% increase which means “pay outpaced national inflation for the first time in a year”. It seems that businesses are continuing to tailor their packages to their employee’s needs, which is definitely a step in the right direction. Some cities that have increased their salaries are Aberdeen, Southampton and Portsmouth with many of these increases being within Hospitality, Catering and Accounting.

Interesting results for candidate registrations

The report showed that candidate registrations were up in Retail, Social Care and Education, but even though this may be the case, application rates were still the same compared to Q4 of 2017, suggesting they are passive candidates and will only make a move for the best role.

So that’s it for this year’s first quarter. What do you think is in store for the remainder of 2018? Get in touch via our Facebook, Twitter and LinkedIn pages!

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