Advertised salaries fall to 11-month low

Aspire To Aspire

Advertised salaries have fallen to an 11-month low, as growth in the workforce is driven by lower-paid roles and part-time positions, according to the latest UK Job Market Report from
The average advertised UK salary was £33,696 in June, down 0.9% from £34,002 in May, the fourth consecutive month seeing increasingly steep month-on-month falls. Salaries have now reached their lowest point since £33,873 in July 2014.

An increase in lower paid and part-time roles has factored into the advertised salaries stagnation. June saw 1,092,030 available UK vacancies, 3.2% higher than the 1,058,425 recorded in May, and 12.8% above the 968,273 six months before, in December 2014.

But the National Living Wage initiative will help boost a significant number of these new roles. The initiative would affect more than 112,000 currently advertised vacancies, meaning 10% of the vacancies currently on offer will benefit. Some 17% of these affected vacancies are in the South East, compared to just 4% in the North East.

Competition for jobs has fallen to a new record low. There were just 0.67 jobseekers per advertised vacancy in June, 6.6% lower than 0.72 in May, and almost half the 1.21 figure seen in June 2014.—27498.htm


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