Everyone loves a bit of good news, and what could be better than to hear UK unemployment figures have fallen to their lowest in six years?
This week, major news sources such as the BBC have reported a substantial drop in the number of people claiming jobseeker’s allowance and declaring unemployment.
The Office for National Statistics (ONS) revealed a decrease of more than 120,000 in the number of unemployed, meaning there are now only 2.1 million UK residents declaring this status. The drop occurred during the three months leading up to May when the figures were assessed.
CV-Library have been analysing monthly and quarterly data related to the UK job market, and have noticed an upward trend in the number of job applications across all employment sectors since this time last year.
Sectors such as Administration, Retail, Sales, Construction and IT have been doing particularly well – especially in the capital – and it must be noted that the number of job applications have increased substantially in all areas of the UK since June 2013.
The number of jobs being advertised have also increased during the last 12 months – job postings in London alone are up 70% on last year’s figures. This indicates a higher demand for candidates as the job market expands and businesses recover from the recession.
To read CV-Library’s analysis of the London job market in Q1 of 2014, click here: http://www.cv-library.co.uk/reports/cvlibrary-job-market-report-april-2014.html