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IT sector created over 1M jobs in 2012, says Adzunas Jobs Review of the Year

IT sector created over 1M jobs in 2012, says Adzuna’s Jobs Review of the Year

IT has been the top hiring sector of 2012, creating 1.1 million advertised job vacancies, while the Engineering sector look set to grow in 2013, according to the latest research from job search websiteAdzuna.co.uk. The UK has been awash with demand for accountants and software developers, while London, Aberdeen and Stevenage top the list for best paying cities.

The study conducted by Adzuna analysed it’s comprehensive search index of over 500,000 job vacancies to reveal IT, Engineering and Finance job sectors have been the most buoyant in 2012 with average salaries increasing by 6% over the past 6 months, while the Maintenance and Domestic Cleaning sectors have seen the least jobs created.

The average annual pay for iPhone Developers (25%), Financial Advisors (22%) and Translators (17%) have shot up in 2012 reflecting demand levels for specific skills sets in the UK job market. Technology roles have seen the biggest wage jumps this year of all sectors.  

Clear pockets of strength have emerged in the UK job market in 2012 with Aberdeen, Guildford and Cambridge leading the pack. Jobseekers should head to Aberdeen for the lowest competition (0.5 jobseekers per vacancy) and the highest average salaries of &pound37,670p.a. Hull has been the most difficult place to find a job this year with an average rate of 55 jobseekers per vacancy.

Despite economic downturn, the UK employment market has been resilient. London has led the pack in job creation and remains the best paying city in 2012 with an average salary of &pound41,369 p.a. whereas Preston is the worst paying with &pound25,718 p.a.

The top employer this year was the London 2012 Olympic Games (LOCOG) creating around 100,000 jobs this year (although most of them were temporary). British supermarket chains have also topped the job creation charts with Tesco, Morrisons and Asda creating around 31,000 new jobs between them. Other top employers included The Royal Mail, NHS, Deloitte and Ryan Air.

2013 Outlook

The number of jobseekers for every job in the UK looks set to continue to fall in the first half of 2013 (to 3.1 jobseekers for every job), but this will be largely down to the number of part time jobs in the market.

The Part-Time sector has bolstered UK unemployment levels in the latter half of 2012 and, if the pattern continues, the number of part time jobs available in the UK will increase by 4% in Q1 2013.

Engineering and Energy & Oil sectors look set to perform well in 2013 across the UK with the number of jobs advertised projected to increase by 5% in Q1

The job opportunity North / South divide doesn’t look like it will improve in 2013. Cities like Hull, Sunderland and Bradford will become increasingly competitive.

While manufacturing job stock has stagnated at a UK level in 2012, Q4 saw this sector performing well in the East Midlands. If the pattern continues, the number of manufacturing jobs will grow by up to 10% in this part of the county next year.

North East and North West regions will witness 4.5% growth for Engineering and Energy industries.

Regions heavily dependent on the public sector such as Northern Ireland and Scotland are likely to be worst affected by jobs cuts and pay freezes in 2013.

Andrew Hunter, Co-Founder of Adzuna, said “Because we list nearly every UK job ad in our search engine, we’re able to see how the employment market is performing right across the country. Based on the 2012 data, we expect unemployment to continue to fall in 2013 with technology & engineering sectors performing the strongest in the first half of the year.”

Top Hiring Sectors in 2012:
 

Job Sector

UK jobs advertised in 2012

Average Salary in 2012

IT

1,196,227

&pound39,945

Healthcare

706,898

&pound32,552

Engineering

602,283

&pound33,330

Finance

471,285

&pound37,233

Retail

439,147

&pound31,079

Boom and Bust Jobs in 2012:

2012 Boom:
 

Job Title

Current Average Salary

Growth in 2012

iPhone Developers

&pound43,410

25%

Financial Advisors

&pound40,779

22%

Translators

&pound42,814

17%

Web Designers

&pound38,708

15%

Aircraft Pilots / Flight Engineers

&pound30,102

14%

2012 Bust:
 

Job Title

Current Average Salary

Decline in 2012

Secretaries

&pound23,234

-19%

Chauffeurs

&pound20,803

-18%

Landscape Gardeners

&pound22,286

-18%

Medical Practitioners

&pound71,279

-14%

Waiters / Waitresses

&pound17,102

-12%

Best Cities to Find a Job in 2012
 

Rank

City

Jobseekers per vacancy

2011 Rank

1

Aberdeen

0.5

2

2

Cambridge

0.7

1

3

Guildford

0.7

7

4

Reading

0.9

3

5

Oxford

1.0

8

Worst Cities to Find a Job in 2012
 

Rank

City

Jobseekers per vacancy

2011 Rank

1

Hull

55.1

1

2

Sunderland

36.5

2

3

Southend

25.0

5

4

Wolverhampton

19.0

11

5

Bradford

14.2

13

Best Paying Cities in 2012
 

City

Average Advertised Salary in 2012

London

&pound41,369

Aberdeen

&pound37,670

Cambridge

&pound34,009

Slough

&pound33,415

Guildford

&pound32,539

              
Worst Paying Cities in 2012
 

City

Average Advertised Salary in 2012

Preston, Lancashire

&pound25,718

Bradford

&pound26,460

Stoke-on-Trent

&pound26,765

Swindon

&pound26,969

Maidstone

&pound26,998

Top paying employers in 2012 (Avg. Salary vs. Sector Average)
 

Company Name

Average Salary

% Difference to Sector Average

Heritage Portfolio

&pound47,568

106%

ARM

&pound49,382

18%

Morgan and Stanley

&pound45,887

18%

Boeing

&pound39,676

17%

Bupa

&pound37,751

10%

Top Hiring Companies in 2012
 

Employer

Average Salary

LOCOG

&pound27,248

NHS

&pound44,734

Royal Mail

&pound32,595

Tesco

&pound35,811

Sainsburys

&pound36,487

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