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September job opportunities up 16% year on year, says Reed

Job opportunities across the country slipped back in September, down 1% compared to August, but year on year employer demand is up 16%, according to the Reed Job Index, published this morning.

New job demand dropped back across a range of job sectors from general insurance to marketing & PR in September. New Banking staff continued to decline.

However, demand for new workers rose in core industrial and technical areas such as engineering and manufacturing as well as in business services sectors like customer services and media, digital and creative.

Salaries for new jobs stayed steady in September. This means that salaries on offer for new jobs are still down three per cent in real terms since December 2009, and continue to lag behind rising inflation.

Demand for new staff varied across the UK in September with the number of new jobs rising in East Anglia, Northern Ireland, Scotland and the West Midlands. The number of new jobs advertised in all other regions, including London, dropped back.

Martin Warnes, MD of Reed.co.uk, said: "The economy seems to be treading water at the moment. Demand for new staff is falling back in key areas of the financial sector such as banking and general insurance. At the same time there are signs that the much-sought re-balancing of the economy is a possibility, as sustained growth has returned to job-sectors like engineering and manufacturing.

"Across the private sector as a whole new jobs are still up more than a fifth compared to this time last year, and employers have found that stable salaries make it a good time for them to invest in new talent."