The labour market in the UK saw an increase in jobs, salaries and candidate applications in August, despite the initial slowdown after Brexit and quiet recruitment in the summer months.
Employers showed no sign of slowing down last month, as jobs in the UK were up by 21.8% compared to August 2015, according to new research by independent job site, CV-Library.
The research found that candidate applications rose by 5% compared with the previous year, suggesting that the appetite among job hunters is strong.
Wales emerged as the region with the highest job growth at 30.9%, closely followed by the South West with a 27.3% growth. The South East and Scotland had the slowest rate of job growth at 23% and 22.8% respectively.
The cities with biggest jumps in growth were in Birmingham (20.4%) and Edinburgh (15.5%) and Hull (8.7%), which also emerged as the city with the highest salary increase of 21.3%.
In the weeks following June’s referendum vote, the number of job vacancies dropped by around 700,000 as uncertainty over the UK’s economy lingered. According to a survey by the Institute of Directors, a quarter of company bosses said they would freeze recruitment after Brexit.
Lee Biggins, founder and managing director of CV-Library said: “It’s extremely positive to see that the UK’s labour market did not fall victim to the typical ‘summer slowdown’ this year, especially given that there is still a great amount of uncertainty around the impact of the Brexit on UK jobs.
“Certain regions and industries are thriving and it’s clear that employers within these areas have recognised the need to tap into candidates who might have used time-off during the summer months to think about, and look for, new opportunities.”
The manufacturing sector saw the highest job growth with a 25.4% increase, followed by construction (17.2%) and automotive (12.2%) industries, said CV-Library.
Salaries also increased by 4.6% in August, with certain sectors in the UK witnessing above-average growth including the public sector (17.6%) and agriculture (12.5%).
Mr Biggins added: “In the face of the nation’s economic woes, the fact that salaries are up is simply testament to UK businesses’ determination to keep the economy moving post-Brexit, while also recognising the need to attract candidates with competitive salaries.
“Despite ongoing uncertainty, it’s clear that the UK’s labour market is continuing to thrive and businesses and candidates alike should be confident in the fact that salaries are increasing, the job market is growing, and application rates are remaining strong.”