· News

UK Job demand steady in August but salaries slip down, according to Reed

Employer demand for new UK workers stayed steady in August, bucking the normal summer slump, according to the Reed Job Index.

The index showed a 20% in year on year employer demand, with a fifth more jobs available now than in August twelve months ago.

New job numbers have increased 22% from when the index began in December 2009 when the baseline was set at 100 (it now sits at 122), according to the report compiled from over 8,000 organisations by the recruitment site. Salaries for new jobs fell back across the board however, with the Reed Job down 2% in August compared to July.

This means that salaries for new jobs are three per cent lower now in real terms than they were in December 2009. New job demand dropped back across a range of job sectors from financial services to manufacturing. Consumer-facing sectors saw the largest falls - with Retail jobs dropping from July's record high.

Demand for new Public Sector staff slipped back again to nearly half its level when the Index began. However rising demand for new workers in other job sectors balanced the falls. Core job areas from qualified accountants and purchasing professionals to administrative, marketing, media, digital and creative staff all experienced rising demand.

Martin Warnes, MD of Reed.co.uk, said: "Even though the jobs market is flat, our figures indicate that there are a fifth more new jobs available now than there were 12 months ago. Employers are able to attract the people they need and are investing in the future with skilled staff such as qualified accountants, purchasing professionals and marketers.