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Job opportunities down, but 18 per cent up year on year

Job opportunities down, but 18 per cent up year on year

Reed Job Index down 4 points to 121

Job opportunities across the country slipped back for the second month running, down 4 Index points (three per cent) in May compared to April, according to the latest Reed Job Index which stands at 121.

Salaries for new jobs have also slipped down, and are now two per cent lower in real terms than in December 2009 to give a Reed Salary Index of 98.

However year on year employer demand is up 18 points compared to May last year. UK job vacancies have risen 21 per cent since December 2009 when the Indexs baseline was set at 100, according to the report compiled by the recruitment website

Private sector growth is responsible for this increase across the board. Yet although public sector jobs remain close to half the level they were in December 2009 demand is up 9 points in May, to give a Reed Public Sector Job Index reading of 59.

While job demand has softened across the board compared to the previous month, some job sectors have bucked the trend. Interestingly consumer-facing sectors perhaps fuelled by the low pound - have risen most, led by Retail, Leisure and Tourism. Job demand has also increased in key business services sectors such as Strategy, Consultancy, Transport and Logistics.

James Reed, Chairman of Reed and co-author of new book Put Your Mindset to Work comments on the Reed Job Index for May:
Faced with a triple whammy of pay freezes, price rises and tax increases more people are job- seeking right now. With 97% of employers ranking mindset ahead of skill set, it is particularly important for candidates to stand out and make sure their CVs demonstrate the winning 3G Mindset that employers want.
Recruits with the right 3G mindset are seven times more valuable, according to our latest research, but as applicant-per-job numbers rise each month employers need to do more to identify the best people when they recruit."
Put Your Mindset to Work by James Reed and Dr Paul G. Stoltz is published by Portfolio Penguin at 12.99.


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