Advertised salaries growing faster than inflation, says Adzuna

Average advertised salaries saw a year-on-year increase of 1.9% up to August 2014, according to research by Adzuna.

The UK Job Market Report is based on recruitment data from more than 300 online sources. It claims this is the first time average starting salaries have grown faster than inflation (1.5%) since the financial crash. The growth means advertised salaries hit £34,463 in August 2014, up from £33,873 one year previously.

The report also suggests that every region of the UK has seen wage growth. This is the first time this has been the case since 2008.

Wales saw the fastest increase in average salaries (+18.6%) reaching £30,242. London experienced the lowest growth (0.6%), but candidates in the capital can still expect by far the highest wages (£42,321).

Starting salaries in manufacturing rose by 11.6% to £30,247, making it the fastest-growing sector for pay. This is followed by trade and construction, which is up 9.2% to £37,144.

Adzuna co-founder Andrew Hunter hailed the "exceptional growth in advertised vacancies".

"Much of the UK’s economic good news has arrived on the back of high levels of job creation, but this has often been at the expense of low wages," he said. "However, as companies enjoy more profit, salary growth is finally starting to outpace inflation. A real wage rise marks a significant turning point in the road to economic recovery. This time next year, phrases like ‘the cost of living crisis’ may fade into a distant memory."