August 2016 figures: Booming job market for Manufacturing and Motoring but harder times for Banking and Engineering sectors
Up-to-the-minute data from the UK’s largest job site, reed.co.uk, reveals that the jobs market continued to grow in August, up 7.7% on the same time last year. Overall, the Reed Job Index stands at 281.Sectors
According to the latest reed.co.uk Job Index, two thirds of the nation’s employment sectors (70%) are healthier than they were in August 2015. The strongest amongst these are Security & Safety, Motoring & Automotive, and Manufacturing which experienced +40.3%, +28.9% and +20.2% annual growth respectively.
Banking, Scientific and Engineering are among the sectors hardest hit since the shock Brexit result with falls of -23.3%, -11.2% and -5.8% respectively.
Pleasingly, Apprenticeships have picked up strongly in August, and the Retail sector is performing better too.
Around the UK, every region continues to enjoy annual jobs growth, with Northern Ireland, Wales and the North East of England seeing the biggest increase in new opportunities (58.0%, 13.9% and 13.6% year on year growth respectively).
Monthly, the biggest slowdown occurred in London, with the capital seeing 5.8% fewer opportunities available in August compared with July and now at its lowest level since January 2016.