- UK jobs market maintains strong recovery: 27% more job vacancies in 2014
- Construction, hospitality and manufacturing sectors driving growth
- 93% increase in apprenticeships compared to last year
2014 was the year of the apprentice, reveals the latest Job Index from reed.co.uk.
According to the data, jobs vacancies have risen by 27% year on year – 3% higher than the ONS employment figures. The sectors creating the most job opportunities in 2014 were Transport and Logistics (+63%), Construction (+59%) and Manufacturing (+50%).
Government incentives to boost apprenticeship schemes have become more widespread in the last twelve months and, according to the reed.co.uk data, the volume of apprenticeships available have increased by 93%. Interestingly, the sectors showing increases go beyond traditional trades with retail, +288%, business & administration, +131% and technology, +59% experiencing the highest growth.
For the second consecutive year, the Reed Job Index reveals that the jobs market favours active jobseekers. Growth in new vacancies (+27% year on year) is outpacing job applications (+20% year on year). The construction sector shows the biggest discrepancy, with 49% growth in new opportunities and only 12% growth in new applications, compared with last year.
Commenting on the latest figures, James Reed, Chairman of reed.co.uk, said:
“Overall, 2014 has been an encouraging year for jobs. We’ve seen the total number of vacancies advertised reach a six year high, whilst there has been a return to growth in salaries across key sectors, driven in large parts by widely reported skills gaps in industries including engineering, technology and scientific research.
Another notable feature of the job market in 2014 is the rapid rise in apprenticeships as employers recognise the value of building a skilled, home-grown workforce. With an election only six months away, the pressure is on the major political parties to ensure their proposed policies support a healthy and flourishing job market.
**The latest figures also reveals the top year over year growth sectors for jobs advertised are Hospitality & Catering (63%), Construction & Property (57%) and Transport & Logistics (55 %). The retail (15%) and social care (14%) sectors have seen the most growth in job vacancies month over month.
2014: The year of the Apprenticeship by Mark Rhodes