Figures released for October 2014 show that job opportunities are at their highest since the Reed Job Index began in December 2009 with growth of over 27% on an annual basis. The Reed Job Index for October now stands at 227, 9.6% higher than the year-to-date average for 2014.
The top year on year growth sectors for jobs advertised are Transport and Logistics (66.59%), Hospitality and Catering (63.34%) and Construction and Property (55.34%). The Education (22.84%) and Charity and Voluntary (19.50%) sectors have seen the highest growth in job vacancies month on month.
Despite the average UK salary increase falling short of the UK inflation rate (0.6% compared to 1.2%) the report reveals signs of positive salary growth in cities like Edinburgh (5.5%) and Bristol (4.4%), which have increasing job availability in the Financial Services sector. The Reed Salary Index for October now stands at 98.
The reed.co.uk Job Index reveals the top 10 cities for earning power, with London leading the way (£37,716), followed by Aberdeen (£32,769), Oxford (£30,262) and Cambridge (£30,239).
Londoners in Tech, Media and Financial Services as well as Accountancy and PR bring in the biggest annual wage; however the year on year increase is only just slightly above inflation rate, at 1.3%.
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