Job market booms in weeks leading up to supposed Brexit, as job vacancies, applications and salaries rise
Despite uncertainty in the weeks leading up to Britain’s supposed Brexit, new data from CV-Library, the UK’s leading independent job board, has found that employers have continued to remain confident. The findings show that average salaries across the UK increased by 3.1% in March and job vacancies also jumped up by a steady 3.2%.
What’s more, the findings, which compared job market data from March 2019 with the same period last year, found that job applications have increased by 3.6% year-on-year – the first time they’ve risen in two years. In fact, the following cities saw the biggest jumps in applications year-on-year:
- Glasgow – 8.3%
- London – 7.7%
- Birmingham – 6.5%
- Southampton – 4.9%
- Bristol – 3.2%
Lee Biggins, founder and CEO of CV-Library, comments:
“While we’ve passed the initial date our government set for Brexit, and with no real agreement in sight, employers are showing continued confidence in the UK job market. All the while, questions are being raised about whether or not we’ll actually leave the EU, which has clearly had an impact on our findings.
“Our data reveals that both salaries and advertised jobs are continuing to rise, as employers carry on pushing forward with their hiring efforts. It’s encouraging to see that employers are still pulling out all the stops to attract new hires by increasing salaries for new roles, defying original expectation that employers would be hesitant about recruiting right now.”
As well as this, the amount of candidates registering their CVs online with CV-Library has increased by 24.6%, suggesting that more individuals are starting to consider looking for jobs.
“With job applications on the rise, candidates are finally starting to react to the UK jobs boom as Brexit looks set to drag out for a while longer. A huge positive for employers, this means that companies recruiting right now will have a larger pool of talent to choose from, so take advantage of this job market boom!”