· 25% year-on-year rise in the number of new job opportunities in the six months to June 2014
· Jobs in Construction, Legal, Automotive and Manufacturing sectors growing fastest
· Growth in permanent jobs outpacing temporary and contract work
· Recovery under threat from skills shortages in key industries
The number of new job vacancies available in the UK from January to June 2014 grew by more than 25% year-on-year.
Figures released this week by reed.co.uk show a continued rise in the availability of new vacancies during the first half of the year, as more than a million new jobs were advertised.
There were 30% more vacancies available in June 2014 compared to the same month last year.
Amongst the fastest-growing industries so far in 2014 are Construction & Property (+61% more vacancies year-on-year), Motoring & Automotive (+51%), Transport & Logistics (+45%) and Manufacturing (+42%).
The Reed Job Index, which tracks the number of new vacancies available across every industry and in every region of the UK, stands at 213 for June, its highest level since the Index was set at 100 in December 2009.
However, in spite of encouraging jobs growth across nearly every sector of the economy, salaries on offer remain flat, with the Reed Salary Index remaining at 97 for the third consecutive month.
James Reed, Chairman of reed.co.uk, comments:
“The story of the first half of 2014 is a particularly positive one, with jobs growth across the board. This is great news for our economy, but we've seen consistent signs which suggest we should be cautious.
“As we exit the credit crunch we risk entering a talent crunch as skills shortages in key industries, such as engineering and technology, threaten to slow the momentum of recovery.
“We must focus on how we can nurture and grow talent organically, through education, apprenticeships and training, as well as by creating the conditions for talented individuals from overseas to come and work for British businesses.”