The recovery in the jobs market stalled in August, with 3% fewer new vacancies available than in July, according to new figures released by reed.co.uk.
The number of jobs on offer in August was at its lowest since May, as the Reed Job Index of new vacancies fell for the first time this year.
Annual growth remains encouraging, but August's figures remind us that we cannot take the recovery for granted. The four months until Christmas will tell us a lot about just how sustainable the recovery is.
Annual growth in new jobs continued at more than 30%, with Motoring & Automotive (+73%), Transport & Logistics (+64%) and Construction & Property (+56%) amongst the fastest growing sectors. The Reed Job Index now stands at 211 points.
Political uncertainty in Scotland does not appear to have impacted the jobs market: it was the only UK region to show month-on-month vacancy growth during August at +0.6%. All other regions showed negative monthly growth in August.
Salaries increased by 2.26% since August 2013 but still lag behind December 2009 when the index was first set at an average salary of £33,414.
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