07 September 2010 #Employment
Recriutment specialists Reed have published their monthly Job Index for the Month of August 2010 and the results are positive.
Each month the Reed Job Index tracks the number of new job opportunities on offer compared to the previous month and against a baseline of 100 set in December last year. The Index is based on data from the UK`s largest recruitment website, reed.co.uk.
It was unchanged at 102 in August, despite the continuing slump in public sector jobs, strong performances in the retail sector (at 116) and the leisure and tourism sector (at 133) helped balance out the figure. Strategy & Consultancy, from Accountancy and Customer Services also performed well to reach their highest levels since the Index began in December 2009.
Regional variations were apparent across the country however. new job opportunities in London fell to give a reading of 96. However, in other areas new job demand remined consistant, and in Northern Ireland and Scotland it has risen to the highest levels since the Index began.
Salaries for new jobs also stayed steady overall to give a Reed Salary Index reading of 95 for the fourth month running. The underlying level of salaries trended slightly down compared to the previous month, to give an average national salary of £31,728 for new jobs in August, compared to £31,919 in July.
The Managing Director of Reed, Martin Warnes,said: "Traditionally, the UK job market is quiet in August. Against this background the fact that the Reed Job Index has held steady over the holiday season, even though public sector jobs continue to decline, is quietly encouraging news for the economy as a whole.
"While the seasonal tourist boom and an unexpected rise in consumer confidence may have helped fuel record demand for new staff in leisure, tourism and retail, demand has also risen across broader commercial and financial sectors. Indeed, demand for new staff in accountancy and customer services, through to strategy and consultancy, also rose to their highest levels since the Job Index began last year. It seems that overall confidence, particularly in the business-services sector, has been slowly but steadily building over the summer break."