Seasonal vacancies drive second month of YoY job growth for UK job market as salaries continue to soar - London Business News | Londonlovesbusiness.com
Briefly

The UK job market has shown a year-on-year increase for the second consecutive month, driven especially by seasonal sectors like Hospitality and Catering, in anticipation of summer. Job openings rose by 1.02%, with average salaries up 8.94% to £42,278. However, monthly vacancies have slightly declined by 0.95%, indicating ongoing volatility. Posts in Healthcare and Nursing have seen robust growth, while the average time to fill roles has increased. Despite recent positive trends, graduate roles continue to struggle significantly, indicating challenges in that sector leading to cautious optimism among job seekers across the UK.
In April, the UK job market showed growth for the second consecutive month, with Hospitality & Catering experiences significant demand ahead of the summer holiday rush.
Average advertised salaries climbed by +8.94% to £42,278, indicating the strongest annual growth since 2021, even as overall vacancies saw a slight decline.
Despite a drop in job vacancies, the Healthcare & Nursing and Social Work sectors demonstrated resilience with continued month-on-month growth, highlighting demand in care roles.
April marked a rise in hiring speed, with the average time to fill roles increasing to 39.5 days as the number of job seekers per vacancy also slightly rose.
Read at London Business News | Londonlovesbusiness.com
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