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January job market trends looking positive.

04 February 2016

January has set the stage for the UK’s job market in 2016, and all signs point to a thriving and prosperous economy which bodes well for businesses and workers alike. The latest data reveals that job vacancies in January 2016 increased by an impressive 15.8% when compared with January 2015.

One job board reported a record-breaking January with over 144,600 jobs on the site at any given time, up to 220 job applications per second and over 364,500 site visits in one day alone. These records, coupled with latest data revealing strong job growth, paints a rosy picture for the UK job market.  As employers increase recruitment in January, their efforts are complemented with growing candidate interest as job applications to vacancies on the site increased by 16.7% in the same period; making January one of the only months in over a year in which applications not only maintained pace with, but actually exceeded, job growth.

Despite the UK economy operating in a state of uncertainty – from challenges in the manufacturing industry to a looming EU referendum – the labour market is continuing to flourish. January is always a busy month for the recruitment industry as employers and candidates look to the year ahead.

In the final months of 2015 we saw a growing trend of ‘Candidate Power,’ in which application rates failed to maintain pace with job growth, so the data from January is extremely promising for UK businesses which now have increasing candidate choice during the hiring process.

In addition, job hunters will be pleased to learn that advertised salaries on the site also increased in the same period – job vacancies in January 2016 advertised salaries 1.9% higher than those from January 2015, meaning new hires this year are taking home slightly higher annual salaries.

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