POSTED: September 06 2016
UK Job Market Stands Strong against Brexit AND Summer Slump

UK Job Market Stands Strong against Brexit AND Summer Slump

The UK’s labour market has not only withstood the recent Brexit, but also the dreaded ‘summer slowdown’, with the latest data from the UK’s leading independent job site, CV-Library, revealing an increase in jobs, salaries and candidate applications in August 2016. The job site compared data from August 2016 with August 2015 and found that jobs were up by a staggering 21.8% last month, suggesting that employers showed no sign of slowing down hiring activity throughout the summer months.

While this is good news for the nation as a whole, key regions and sectors celebrated standout job growth, with the top five including:

1. Wales: 30.9% growth
2. South West: 27.3% growth
3. East Midlands: 25.3% growth
4. South East: 23% growth
5. Scotland: 22.8% growth

1. Automotive: 43.2% growth
2. Manufacturing: 36.5% growth
3. Marketing: 31.8% growth
4. Construction: 30.3% growth
5. Catering: 24.8% growth

According to the data, candidate applications also rose by 5% compared with the previous year, suggesting that job hunter appetite during this period was also rife. The biggest jumps were seen in cities such as Birmingham (20.4%), Edinburgh (15.5%) and Hull (8.7%), as well as the manufacturing (25.4%), construction (17.2%) and automotive (12.2%) industries.

Lee Biggins, founder and managing director of CV-Library comments: “It’s extremely positive to see that the UK’s labour market did not fall victim to the typical ‘summer slowdown’ this year, especially given that there is still a great amount of uncertainty around the impact of the Brexit on UK jobs. Our data tells us that certain regions, and industries, are thriving and it’s clear that employers within these areas have recognised the need to tap into candidates who might have used time-off during the summer months to think about, and look for, new opportunities.”

Alongside this, the data reveals that salaries rose by 4.7% in August, with certain cities and sectors in the UK witnessing above-average increases. These included:

1. Hull: 21.3% increase
2. Exeter: 20.4% increase
3. Inverness: 9.2% increase
4. Brighton: 7.6% increase
5. Southampton: 5.7% increase

1. Public Sector: 17.6% increase
2. Agriculture: 12.5% increase
3. Property: 9.5% increase
4. Education: 9.1% increase
5. Catering: 7.7% increase

Biggins continues: “In the face of the nation’s economic woes, the fact that salaries are up is simply testament to UK businesses’ determination to keep the economy moving post-Brexit, while also recognising the need to attract candidates with competitive salaries. Despite ongoing uncertainty, it’s clear that the UK’s labour market is continuing to thrive and businesses and candidates alike should be confident in the fact that salaries are increasing, the job market is growing, and application rates are remaining strong.”