Figures released for 2014 show the UK jobs market is maintaining a strong recovery. The Reed Job Index for November now stands at 232, with growth of 27% on an annual basis. Apprenticeships advertised have increased by 93% compared to the same time last year.
The top year on year growth sectors for jobs advertised are hospitality and catering (63.01%), construction and property (56.67%) and transport and logistics (55.43%). The retail (14.75%) and social care (14.43%) sectors have seen the highest growth in job vacancies month on month.
Government incentives to boost apprenticeship schemes have become more widespread in the last twelve months and, according to the reed.co.uk data, the volume of apprenticeships available have increased by 93%. Interestingly, the sectors showing increases go beyond traditional trades with retail (288%), business & administration (131%) and technology (59%) experiencing the highest growth.
Leeds (3%) and Bristol (2%) boast the largest annual salary hikes and, despite London leading the way in terms of highest average salary (£37,216), pay in the capital has only increased by 1% in the last year.
Each region of the UK experienced annual growth of 17% or more in November. The top year-on-year regions for job growth include Wales (47.21%), West Midlands (38.38%) and the North West (36.0%).
November: Top 5 sectors year-on-year
- 1. Hospitality & Catering 63.01%
- 2. Construction & Property 56.67%
- 3. Transport & Logistics 55.43%
- 4. Social Care 50.04%
- 5. Leisure & Tourism