2014 ending on a positive note
Employer demand for staff has been growing month-on-month for some considerable time so I was not surprised when reading the latest report suggesting that the number of advertised jobs has overtaken the number of jobseekers for the first time since the recession.
In the previous quarter, employer demand showed a distinct increase, particularly in the private sector. Additionally, wages for temporary contract workers had risen at their fastest pace for years.
I have been saying for some time that the upward trend in the UK labour market is something that would continue during 2014 and this confirms my feeling that we are in a strong position as 2015 approaches ever closer.
However, I equally feel that this upturn will in itself create further challenges for employers, not least in increasing the skills shortage problems that still exist up and down the country. Many businesses have found certain skills short in supply and these latest figures will mean they have to work doubly hard if they wish to attract the best talent and right skills.
Nonetheless, following a few rocky years it appears that things are moving in the right direction. I’m sure most recruiters would have bitten your hand off two years ago if you offered them the opportunity to be in the position we are in today.
That can only be a good thing for recruiters, clients and jobseekers.
*Carmen was speaking about the publication of the Adzuna UK Job Market Report. The report is based on more than 300 sources of advertised roles and candidate data from ONS Labour Market Statistics. It suggests that in October there were 936,596 advertised roles, compared to 887,771 jobseekers. This equates to 0.95 potential candidates for every position.