A new report has revealed which locations and cities have seen the biggest year-on-year increase in salaries and job vacancies since spring last year.
CV Library’s Job Market report Q2 2017 compares data from the last three months (April, May and June 2017) with figures collected during the same period in 2016.
It reveals that – despite the uncertainties that have come alongside Brexit and the snap General Election – there has been a year-on-year increase in job vacancies and salaries across the UK.
When looking at advertised salaries, geographically, we see a steady rise during this period compared to the previous year. The biggest increases occurred in the North East (6.6%), Northern Ireland (6.1%) and Wales (3.2%) regions. However, city-wise, it’s Leeds that tops the list with an impressive 35.4% salary growth.
Leeds performs best when it comes to salary increases.
The top cities for advertised salary growth:
1. Leeds – 35.4%
2. Hull – 21%
3. Edinburgh – 6.2%
4. Sheffield – 5.9%
5. Bristol – 4.7%
6. Cardiff – 4.1%
7. Brighton – 2.1%
8. Dundee – 1.2%
9. Manchester – 0.9%
10. Aberdeen – 0.3%
Many industries also see higher numbers this year compared to last. Hospitality (7.7%), Agriculture (6.2%) and Education (6.1%) top the list, while Charity and Accounting also feature in the top 10.
The top 10 industries for year-on-year salary growth include:
1. Hospitality – 7.7%
2. Agriculture – 6.2%
3. Education – 6.1%
=4. Construction – 4.6%
=4. Customer Services – 4.6%
6. Public Sector – 4.3%
7. Accounting – 4.1%
8. Charity – 3.8%
9. Automotive – 2.7%
10. IT – 1.2%
Glasgow saw the highest rise on job vacancies
In terms of which cities have seen the highest increase in job vacancies, we see a particularly impressive growth in Scotland.
London’s growth put it at number 8 on the list, suggesting that, despite popular beliefs that the capital is the best place to look for work, more and more jobs are available nationwide. The top 10 cities for job growth were:
1. Glasgow – 26.4%
2. Brighton – 25.3%
3. Guildford – 19.6%
4. Aberdeen – 17.8%
5. Dundee – 16.6%
6. Sheffield – 16.2%
7. Manchester – 12.6%
8. London – 11%
9. Edinburgh – 5.2%
10. Birmingham – 4%
In summary? It appears current political uncertainties in UK do not appear to be hampering economic growth, which is good news if you’re a recent graduate, entering the job market for the first time.