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UK Jobs on the Up Despite Mounting Fears of Skill Shortages

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Latest figures from recruitment giant Indeed show that the availability of jobs in the UK has increased across all industries in October compared to September 2014, reflecting the continuing decrease in the UK unemployment rate. In particular, vacancies in the education sector – most notably London, Birmingham and Manchester – have continued to grow following growing fears of a skills shortage in the industry.

Compared to October 2013, the data revealed that the number of job vacancies  in Transportation has risen by 46%, Real Estate by 42%, Hospitality sees a 37% increase whilst Construction and Education have also experienced a healthy increase, clocking up a respective 35% and 32% rise on last year.

As well as recording great improvements in job vacancies, Education (+7%) and Real Estate (+5%) came out as top growth industries between September and October with Financial Services recording its first entry into the top 5 with 5%,  whilst Banking (+5%), Accounting (+5%) and Transportation (+4%) also saw a rise.

In terms of job postings, all industries experienced an increase in October, aside from Media which remained the same. Overall, the Retail sector had the highest number of job postings with 163,627 positions available; although overall the sector only grew by 3%. Job postings within the Real Estate, Transportation and Construction sectors have consistently grown this month.

Commentary from David Rudick, VP International Markets, Indeed.com
“It’s interesting to see that despite jobs in the education sector rising by 32% since October last year, demand from job seekers for these roles has flat lined in the same period,  supporting recent fears that the sector could be experiencing a skills shortage. Fears of a teacher shortage have been looming in the UK following Labour analysis this year, which showed that the number of teacher vacancies across state-funded schools has doubled since 2010. Coupled with the expectation that the number of school children in the UK is expected to increase by 800,000 over the next decade, this is a concerning statistic. Currently, there are around 90,000 teaching jobs available on Indeed.

The finance and banking sector entered the top 5 growth industries for the first time this month, as searches for finance vacancies hit an all-time high for 2014. On Indeed.co.uk there were 2.5 million searches in October alone. Accounting roles received the most searches amongst finance jobs.

Perhaps surprisingly, the Retail industry, which witnessed significant growth in September, did not peak further in October despite the UK being on the edge of the Christmas season. However, it still enjoyed the highest number of job postings of all sectors this month with 163,627 positions available.”

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