March 2014 figures:
UK salaries on hold as job opportunities continue to rise

  • UK salaries continue to stutter, with zero growth during the first quarter of 2014, whilst the number of new jobs available is rising, according to new figures released by reed.co.uk.

  • Job demand

    In the first quarter of 2014, the number of new vacancies being advertised grew by nearly 10% compared the last quarter of 2013 and by over 30% annually. There are now nearly twice the number of jobs on offer as there in March 2010.

    The Reed Job Index of new vacancies now stands at 202, up from 156 in March last year. Of the 33 industry sectors analysed, 32 showed annual increases and 30 showed quarterly increases.

    Those sectors creating the most jobs during the first quarter include Leisure & Tourism (up 25% quarter-on-quarter), Estate Agency (24%), Construction & Property (22%) and Purchasing (20%).

  • Salaries

    First quarter salaries for 2014 showed zero growth compared to the last quarter of 2013. What's more, they remained the same as the first quarter of 2013.

    Of the 33 sectors analysed, 15 showed annual growth in salaries being advertised.

  • Regions

    Wales has shown the highest rate of growth so far in 2014, with more than 25% more vacancies available than during the last three months of 2013. Northern Ireland showed the lowest quarterly growth in new jobs at 1%.

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  • National Job Index in the last 13 months

  • March: Top 5 regions year-on-year

    • 1. Wales +44.7%
    • 2. Yorkshire & Humberside +34.9%
    • 3. North West 33.1%
    • 4. London 31.7%
    • 5. East Anglia +31.5%
  • March: Top 5 sectors year-on-year

    • 1. Legal +78.9%
    • 2. Transport & Logistics +73.1%
    • 3. Construction & Property +67.4%
    • 4. Strategy & Consultancy +55.7%
    • 5. Motoring & Automotive 54.1%