The UK job market has seen a positive growth during the first quarter of 2017. Such growth has seen an increase in the number of job applications, vacancies and average salaries. These findings are according to new data discovered by CV Library. The results for Q1 2017 have been compared with both Q1 & Q4 2016, with positive results evident across the board.
Number of job applications.
It was found that there was a 28.8% increase in the number of job applications during Q1 2017. Even though some will point to the fact that January is traditionally a busy time for job seekers, a growth of 3.3% was experienced compared to Q1 2016. These figures are even more impressive if you consider the current uncertainty in the UK, with Brexit negotiations now firmly underway.
In relation to job applications, some UK cities experienced particularly significant differences, with Bristol topping the chart with a 39% growth. Cardiff and Birmingham also saw sharp increases of 37% and 36.4% respectively.
Some industries saw more growth than others, with manufacturing leading the way with 45.5%. The automotive and construction sectors also performed impressively, with 39.2% and 38.3% increases in the number of job applications.
Average advertised salaries.
There was nationwide growth in the average advertised salary figure in the UK for Q1 2017. When compared to the first quarter of 2016, a 1.3% growth was calculated, with a 2.4% growth shown in comparison to Q4 2016.
In terms of the industry sectors with the largest increases, telecoms led the way with an 8.7% growth, followed by manufacturing and sales with 5.5% and 3.4% increases.
Total number of advertised vacancies.
Similarly encouraging growth was identified when analysing the number of vacancies being advertised in the UK currently. A 14.5% increase was found in the number of available roles in comparison to Q4 2016, highlighting the expansion plans of many businesses operating in the UK.
Therefore, in a year that is likely to throw up many challenges due to the ongoing Brexit process, the UK job market has made an impressive start, hinting at encouragement for what might be to come.