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Job Growth Slows in the Capital Whilst UK-wide Expansion Picks Up Pace

Job Growth Slows in the Capital Whilst UK-wide Expansion Picks Up Pace Jobs Index shows the UKs job market is in rude health but London lags behind.

Latest figures released today suggest that the jobs market across the UK is showing steady growth in quarter three of 2010, despite the capitals expansion rate taking a backseat and major job cuts forecast following the public spending review.

Figures comparing quarter two and quarter three results in the Jobs Index from - the UKs largest network of regional job sites - found that the Midlands region has grown rapidly, with Greater Manchester topping the chart with a 34 per cent increase, almost three times more than Greater London (at 13 per cent).

With an average increase of 17 per cent for job postings across all regions, evidence continues to suggest that most UK regions have started to exit the worst recession in a generation.

However, with recent estimates that around half a million public sector jobs face the chop, the job board was at pains to underline the downward pressure likely to be exerted on quarter four data.

Data collected by the Jobs Index- which collates jobs statistics from the five largest online recruitment companies, including has released figures that illustrate a slower growth rate in the London jobs market in the past quarter, indicating only a 13 per cent rise. In contrast, the 127 other UK regions analysed have shown more robust progress.

Furthermore, locations across the UK that cover a similar area and population are displaying positive signs of growth, for example Leicestershire and Derbyshire both show a 15 per cent increase whilst the West Midlands and West Yorkshire also show a 15 and 19 per cent rise respectively.

Further evidence paints a less positive story for Scotland where figures for Glasgow City show a distinct decline (-2 per cent) in jobs over the past two quarters of the year- the lowest of all regions in the 127 geographic areas analysed.

Despite Glasgows poor performance, its sister city Edinburgh has shown one of the highest increases of job expansion, with an impressive 27 per cent growth rate from quarter two. Such a difference could be attributed to Glasgows decline across the manufacturing and industrial sector, against a more resilient tertiary sector in Edinburgh City.

Lee Fayer, Managing Director of, said: Despite there being an increased uncertainty for almost half a million public sector workers, we should still try to take encouragement from these results as we see a steady increase in UK-wide jobs posted when comparing quarter two and three of 2010.

And, although there is likely to be an increased worry about the jobs market after such a tense public spending review, its still promising to see a strong performance from cities in the Midlands, especially as the rate of job expansion outperforms the capitals growth by a notable amount.

Given that there is a similar story for most regions outside of Greater London, it suggests that employers are putting their faith back into local economies which should pave the way for wholesale improvement across all sectors in the jobs market.

Whilst there is perhaps less positive news for London- and Glasgow- the overall results help illustrate that a UK job recovery is well under way and although a setback in the public sector is on the horizon, the jobs market as a whole is showing signs that it is certainly gathering pace.


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