Barometer results reveal good news in the jobs market
Our latest barometer results are in and have revealed good news for recruiters as a number of industries in a range of UK locations have seen a rise in the number of both jobs and applications.
Our barometer analyses the behaviour of 5.9 million British jobseekers and 5,000 recruiters, and has found that competition amongst jobseekers is particularly rising, with the number of applications for each job rising by 3% year-on-year.
The totaljobs.com Barometer provides one of the most comprehensive representations of supply and demand in the UK job market – importantly reporting three months ahead of official ONS statistics. Today’s figures show how UK recruitment has fared in the second quarter of 2014, and outlines job trends across 33 sectors and each UK region.
Here’s what we found…
According to our barometer results, certain parts of the UK have a better recruitment and jobs market than others.
The East Midlands saw the biggest increase in the number of job postings, with a 17% rise, followed closely by Yorkshire at 16%. Other big winners included jobseekers in Wales, the North West, the North East, and East Anglia, which saw job opportunities jump 12% year on year.
The good news…
The UK labour market in particular has contributed to this market boom, with the number of jobs increasing by 9% year-on-year.
The booming housing market has also had a massive effect on the jobs market, driving a staggering 43% rise in the number of construction jobs. This is possibly due to a rise in the number of houses being built to meet demand. This good news comes hot on the heels of last week’s Markit/CIPS survey, which found construction hiring to be at its fastest rate since 1997.
Jobseekers in the property sector also benefited from the hot property market, with jobs rising 10% year on year.
Meanwhile in the customer service industry, the number of roles has increased by 19% over the last 12 months, with applications per job rising by 5%.
Secretarial, PA and administration jobs also enjoyed a significant rise of 18%, as applications per job up by 4% year on year.
Meanwhile, transport and logistics jumped 27% year on year, with competition for the increased number of jobs also fierce, as applications per job rose 21%.
The bad news…
Despite a lot of good news coming from the construction industry, it’s certainly not in a perfect situation. Applications per construction job have dropped by 37% in the last year, showing a serious demand for construction workers and highlighting concerns over the UK’s ability to keep up with building demands.
In the world of finance, the amount of city jobs has continue to fall, as the banking, insurance and finance sectors saw a 10% decline in jobs nationally year on year. This has created high competition amongst jobseekers, with applications per job up by 10%.
John Salt, director at totaljobs.com says: “Although not all sectors have enjoyed a rise in jobs, today’s figures show that the overall national labour market is very positive.”
“Encouragingly, given the higher level of youth unemployment, the number of graduate and trainee jobs has increased by 13% year on year, and 6% since the last quarter. This will be a relief for many young people who are still struggling to find work and follows last week’s announcement of the EU Youth Guarantee to secure under 25s a job offer within four months.”
“The totaljobs.com barometer also shows that competition for jobs remains high; it’s important to remember that the labour market has only been in recovery over the past twelve months and real wages remain low. More must be done to provide support to jobseekers that have been long term unemployed, by ensuring they have the skills they need to re-enter the workforce.”
Totaljobs.com Barometer, Q2 2014, key growth sectors
|Sector (national)||Change, Year on Year Q2 2013 to Q2 2014||Change, Quarter on QuarterQ1 2014 to Q2 2014|
|Transport and logistics||+27%||+8%|
|Secretarial, PA, Administration||+18%||+3%|
|Graduate and trainee||+13%||+6%|
|Engineering, Manufacturing, Utilities||+5%||+0%|
|IT & Internet||+2%||-3%|