There is often a labour market slump during the summer months. This is mostly caused by many hiring managers and potential candidates going away on holiday. As a result, the amount of recruitment activity historically drops during this period. Throw in the decision to leave the EU, and there were fears for how poorly the job market would perform this year, but the figures have been surprisingly strong.
Figures for July – September 2016:
Latest data released by CV-Library highlighted that the UK saw strong growth during these months. There were increases in average salaries, number of candidate applications, and the number of job vacancies, when compared to last year. Job growth spiked by 8.1% against last years’ figures, and even increased by 4.6% on the previous quarter. These findings are quite astonishing, but emphasise the thriving market we are currently enjoying.
Top cities for job growth:
Some UK cities saw above average job growth when compared to last year, with the top five outlined below:
- Southampton – 31.5% increase.
- Liverpool – 18.9% increase.
- Manchester – 12.4% increase.
- Glasgow – 10.7% increase.
- Edinburgh – 9.5% increase.
These figures indicate extremely positive progression being made, and act as a source of comfort that the UK is standing strong despite the current economic uncertainty.
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