July 2016 figures: Jobs growth continues in July despite post-Brexit uncertainty
Figures released for July 2016 reveal that the UK job market continues to grow with 8% more vacancies on offer in July than the same time last year. However, the monthly index fell by three points (1%) compared to June. Overall, the Reed Job Index for July stands at 289.Sectors
According to the latest reed.co.uk Job Index, more than two thirds of the nation’s employment sectors (70%) are healthier than they were in July 2015. The industries boasting the highest annual employment growth are Security & Safety (+47.7%), Education (+28.8%), and Construction & Property (+24.5%).
The Manufacturing Job Index stands at 418 and is up +18.4% annually. This is an especially encouraging sign for longer-term economic prospects, particularly in light of Markit’s latest PMI figures, which reported that manufacturing output has dropped to its lowest level since February 2013.
Of the sectors seeing declines in annual growth, Apprenticeships (-29.8%), Banking (-15.8%) and Energy (-14.7%) are amongst those hardest hit.
The reed.co.uk Job Index shows that around the UK, every region continues to enjoy annual jobs growth. Northern Ireland, North West England and Wales are the regions which have seen the biggest increase in new opportunities.