UK Job Market Report! July 2015!!
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- Tiffany Garrett
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1 UK Jb Market Reprt July 20
2 UK Jb Market Reprt July 20 Will salary stagnatin be reversed by Natinal Living Wage annuncement? Table 1: Adzuna Jb Vacancy Index Vacancy UK Vacancies Mnthly Change 6M Change 12M Change Index (e 2012=100) Vacancy Index ( ) 1,092, % 12.8% 30.0% 8.6 Vacancy Index (May ) 1,058, % 11.4% 29.3% 3.7 Table 2: Adzuna Average Salary Index UK Average Salary Mnthly Change 6M Change 12M Change Salary Index (e 2012=100) Salary Index ( ) 33, % - 2.5% 2.3% 98.4 Salary Index (May ) 34, % - 1.6% 5.0% 99.3 Key pints: The number f available vacancies in the UK rse 30% t 1,092,030 cmpared t last year, creating yet anther new pst-recessin recrd Average advertised salaries drpped 2.5% cmpared with 6 mnths ag, falling belw 34,000 fr the first time since last July Cmpetitin fr rles als fell t a new recrd lw, with 0.67 jbseekers per vacancy Summer budget annuncement f a new Natinal Living Wage lks set t impact 250,000 rles by Sectr Study: Living Wage Gerge Osburne s annuncement this mnth f a Natinal Minimum Wage, set t increase the UK minimum pay t 9 per hur by 2020 highlighted a significant ptential impact n sme f the natin s key industries. Real time Adzuna data shwed ver 112,000 rles lk set t be impacted by 2017, rising t ver 250,000 by 2020, with the largest impact falling n the Healthcare and educatin sectrs. Sectr split f impacted jbs (2017): Ranking Sectr Impacted vacancies 1 Healthcare & Nursing,086 2 Teaching & Educatin 9,818 3 Admin 7,9 4 IT 7,081 5 Lgistics & Warehuse 7,067 2
3 Overview The Adzuna Jb Index this mnth shws 1,092,030 rles being advertised acrss the UK, a 30.0% increase n the natinal vacancy cunt last year. Cmpetitin fr jbs fell again in e 20, reaching anther recrd lw f 0.67 jbseekers t every advertised rle in the UK. Vacancy grwth cntinues, but salaries still sliding Andrew Hunter, c-funder f Adzuna, cmments: Unemplyment has marginally increased, but the wider trend is still fr mre vacancies pening up. The mmentary hvering has in part been caused by several large cmpanies that have recently annunced significant staffing cuts, including bth Rlls Ryce and the BBC. Our data als shws that the General Electin had a clear impact n hiring behaviur in the UK with emplyers pausing fr thught as the electin lmed, and many jb advertisers treading water and hlding back n hiring in March & April 20. The frward lking data fr e and July suggests a bunce back in recruitment, which will n dubt lead t unemplyment falling again ver the summer. Advertised salaries have stagnated, even as emplyers have been raising the wages f thse in wrk, as cmpanies try hard t invest in existing staff t prevent them frm jumping ship, rather than n hiring new starters. This means that fr the first time in years, it makes sense fr wrkers lking fr a pay rise t ask fr a raise, rather than assume they will make much mre mney by mving elsewhere. Where are all the jbs? Advertised salary size acrss the Nrth f the cuntry is finally shwing signs f imprvement, with Yrkshire & The Humber (7.1%), the Nrth East (5.7%) and Nrth West (5.0%) all shwing glimmers f grwth in e 20, cmpared with the previus e. Sctland, n the ther hand, saw a decline in average salaries in e f 0.9%, fllwing a difficult few mnths fr Scttish pay rates, with average advertised wages falling mnth n mnth since January this year. Further dwn the cuntry, available vacancies in Lndn rse 3.5% in e cmpared t May 20, bringing the capital nce again ahead f the average grwth rate natinally. City vacancies are nw grwing twice as fast as in April this year. Sectr split An n-ging trend f pay stagnatin cntinues in the Energy, Oil & Gas sectr, with average advertised salaries falling 12.3% cmpared with this time last year Legal, Marketing and Sales jbs all featured in the tp five wrst perfrming industries in e 20 3
4 Chart 1: UK Trends in Advertised Jb Vacancies Vacancies 1,200,000 1,000, , , , ,000 - Mnth Jul Aug Sep Oct Nv Dec Jan Feb Mar Apr May 5.5% 4.5% 3.5% 2.5% 1.5% 0.5% -0.5% -1.5% -2.5% -3.5% % Change Ttal Vacancies % Change MOM Vacancies Chart 2: UK Trends in Advertised Salaries Average Salary (per annum) 35,000 34,500 34,000 33,500 33,000 32,500 32,000 Jul Aug Sep Oct Nv Dec Mnth Jan Feb Mar Apr May 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% -1.0% -1.5% % Change Average Salary % Change MOM Salaries Jbseekers per Vacancy Chart 3: 6 mnth change in Jbseekers per Vacancy Jan Feb Mar Apr May Mnth 4
5 Best and wrst cities t find a jb July 20 Wrst cities t find a jb 1 Jbseekers per vacancy Rank City 1 Sunderland Hull Bradfrd Rchdale Wirral Belfast Wlverhamptn Middlesbrugh Swansea Glasgw Best cities t find a jb Jbseekers per vacancy Rank City 1 Cambridge Guildfrd Reading Oxfrd Winchester Exeter Bristl Manchester Crawley Swindn 0.33 Cambridge cntinues t ffer ptimum cnditins t jb hunters, prving three times less cmpetitive fr thse seeking wrk than Bristl r Manchester Frtunes in Salfrd have imprved, with cmpetitin fr pen rles drpping t 1.80 jbseekers per vacancy, lifting it ut f the tp ten wrst lcatins fr finding wrk Belfast and Glasgw, hwever, bth feature in the tughest twns fr jbseekers, * Methdlgy fr calculapng jbseeker cmpeppn cmpares jbseeker cunt idenpfied in the ONS Claimant Cunt released in July 20, with mnthly adverpsed vacancy numbers n Adzuna.c.uk in July 20. 5
6 Reginal Wage Breakdwn Regin Ttal Vacancies Average Salary Salary % 12 Mnth Change Eastern England 97,187 31, % East Midlands 59,6 29, % Lndn 229,890 40, % Nrth East England 27,722 29, % Nrth West England 94,464 30, % Nrthern Ireland 8,021 29, % Sctland 34,456 32, % Suth East England 182,508 32, % Suth West England 80,395 30, % Wales 17,425 29, % West Midlands 81,883 30, % Yrkshire and The Humber 53,653 30, % Pay in the Nrth is finally shwing signs f grwth, with Yrkshire &The Humber, the Nrth East and Nrth West all shwing significant signs f imprvement Sctland, cnversely, saw a decline in average salaries in e f 0.9%, fllwing a difficult few mnths fr Scttish pay rates. Available vacancies in Lndn rse 3.5% in e cmpared t May 20 UK jb sectr breakdwn Biggest Imprvers - Jb sectr by average salary Salary % 12 Mnth Jb Sectr Average salary Change Ttal Vacancies Teaching Jbs 27, % 66,003 Custmer Services Jbs 22,9 13.6% 28,518 Administratin Jbs % 50,600 Travel Jbs 25, % 10,284 Manufacturing Jbs 30, % 17,620 Wrst perfrmers - Jb sectr by average salary Salary % 12 Mnth Jb Sectr Average salary Change Ttal Vacancies Energy, Oil & Gas Jbs 41, % 5,497 Healthcare & Nursing Jbs 35, % 104,802 Legal Jbs 44, % 27,188 Creative & Design Jbs 30, % 13,799 Sales Jbs 31, % 60,638 An n-ging trend f pay stagnatin cntinues in the Energy, Oil & Gas sectr, with average advertised salaries falling 12.3% cmpared with this time last year Legal, Marketing and Sales jbs all featured in the tp five wrst perfrming industries in e 20 6
7 Press cntacts Victria Turtn, Instinctif Partners Reprt authr Becky Harkins, Adzuna Abut Adzuna Adzuna.c.uk is a search engine fr jb ads used by ver 6 millin visitrs per mnth that aims t list every jb, everywhere. We search thusands f websites s ur users dn't have t, bringing tgether millins f ads in ne place. By prviding smarter search ptins and pwerful data abut the jb market, we give jbseekers the infrmatin they need t take cntrl f their careers. Adzuna s data als pwers the Number 10 Dashbard, used by the Prime Minister and senir fficials t keep track f ecnmic grwth n a daily basis. Adzuna.c.uk was funded in 2011 by Andrew Hunter and Dug Mnr, frmerly f ebay, Gumtree, Qype and Zpla and is backed by leading Venture Capital firms Passin Capital, The Acceleratr Grup and Index Ventures. Adzuna s missin is t be the best place t start lking fr a jb. We lve using the awesme pwer f technlgy t help match peple t better, mre fulfilling jbs and keep Britain wrking. Abut the Adzuna Jb Market Reprt Adzuna has the mst cmplete index f UK jb vacancies cvering all regins in the UK. The technlgy cllects every jb vacancy advertised nline in the UK frm ver 500 surces. This data is then nrmalised, de-duplicated, mix-adjusted and utliers are remved in real time t give users an accurate, cmplete, up t the minute view f the jb market. Claimant cunt data is based n the latest 20 Labur Market Statistics released in July 20 by the ONS. The city areas referred t in this study are the tp 50 cities in the UK, ranked by cmparing the jb vacancies in Adzuna s cmprehensive search index f ver 1,000,000 live jbs t the number f claimants in each city frm the latest ONS data released in July 20. The full Jbseeker s Allwance claimant cunt statistics are available fr dwnlad here: 7
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