A recently released report by Adzuna
, the UK job aggregator, recently reported that June saw job competition drop to 2 jobs per job seeker – the lowest on record. Employers are really fighting it out to compete for suitable candidates, as employers keep on hiring despite initial fears surrounding the Brexit vote here in the UK.
The market has been candidate-led for many years, and Brexit hasn’t stopped this – the labour market is tight and competition is tough.
Further details from Adzuna found that job postings increased in the weeks following the referendum result – although the week directly following Brexit was poor for jobs creation, presumably down to much of the hysteria and uncertainty surrounding the 23rd June.
This is also good news for candidates looking to move roles, as competition becomes less stiff for each position it becomes easier to find and qualify for a new role, although the bad news on that front is that advertised salaries have fallen to an average of £32,715 down 1% from May to June 2016.
Understandably, however, the Finance and Legal sectors have been fit - intelligence from Morgan McKinley’s London Employment Monitor for July found that available jobs had dropped by 12% from June (Independent
, August 10th 2016). Overall, however, it would seem that the jobs market is strong enough to withstand the short-term effects of the result, and good policy from the new government could result in a fostering of home-grown talent; focusing in on education and apprenticeships for younger British people would, if done right, mean better career prospects within the UK.
Take a look at the full Adzuna Report from July 2016 here