By Claire West
The number of job opportunities on offer across the country rose by four points (four percent) compared to last month, to reach its highest level since the Index began. Job demand has risen 11 percent compared to December 2009, when the Index was first calculated.
Salaries for new jobs regained ground, with a two point increase compared to last month. However salaries continue to be subdued below the Index start point of 100, to give a Reed Salary Index reading of 96.
Each month the Reed Job Index tracks the number of new job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set in December last year. The Reed Job Index is based on data from the UK’s largest job board, reed.co.uk, which every day lists over 100,000 job opportunities from 8,000 recruiters across 37 career sectors throughout the UK.
Job demand rose to its highest since the Index started in nearly a third of the job sectors covered by the Index, showing accelerating growth across the private sector. Job demand reached its highest level in 11 months in business services (including Banking and Financial Services), in promotion and new media (including Marketing, Media and Digital), and across technology areas (with record highs recorded for new jobs in both Engineering and Scientific).
Job demand also rose across the UK. The Capital saw a particularly impressive nine-point increase to a record London Job Index high of 110, while job demand in Scotland rose even higher, to record a Scottish Job Index reading of 122.
Martin Warnes, Managing Director of reed.co.uk, comments on the Reed Job Index for November:
“Job demand across the country continues to build on last month’s growth, and is now 11 percent higher than when the Index began. Private sector demand for new workers is accelerating, and has spread across a wide range of areas, from Financial Services and Banking to Engineering and Scientific. And while salaries remain below December 2009’s level, last month’s salary decline for new jobs has been reversed. Sustained economic recovery cannot be taken for granted, but the way employers are recruiting and building for the future is certainly encouraging.”