August 2014 figures:
Job market dip points to uncertain recovery

  • 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.

  • Sectors

    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.

  • Regions

    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

    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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  • National Job Index in the last 13 months

  • August: Top 5 regions year-on-year

    • 1. East Anglia 36.7%
    • 2. South West 36.0%
    • 3. West Midlands 35.7%
    • 4. Wales 34.5%
    • 5. East Midlands 34.4%
  • August: Top 5 sectors year-on-year

    • 1. Motoring & Automotive 72.93%
    • 2. Transport & Logistics 63.6%
    • 3. Security & Safety 62.3%
    • 4. Legal 59.5%
    • 5. Construction & Property 55.9%