For the first time since the start of the recession, the number of advertised job vacancies has overtaken the number of candidates, following a 25% year on year increase in vacancies.
A study has shown that there were 936,696 vacancies advertised during the month of October, comparing to 887,771 jobseekers. These figures equate to a ratio of 0.95 vacancies for each candidate; the ratio was 1.02 in September and 1.69 in October 2013.
The lack of candidates is caused by a decrease in the number of unemployed people – over half a million fewer than a year ago.
This has put job seekers in a much stronger position than they were in a year ago as employees offer higher salaries in order to attract the right candidates. Advertised salaries have also increased year on year, by 4.3% to an average of £34,670. This increase has been seen throughout all regions of the UK (except Scotland).
Source: ri5.co.uk
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