REED Job Index: January 2012 KEY FINDINGS

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1 REED Job Index: uary 2012 The Reed Job Index tracks the number of new job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set in ember This monthly report analyses data across every major sector and UK region and highlights important industry trends. The Reed Job Index is powered by reed.co.uk, the UK s #1 job site, which features over 100,000 job opportunities from more than 8,000 recruiters at any one time. KEY FINDINGS New jobs in uary are 9% higher than the same time last year Overall employer demand for new staff increased by 2 index points in uary compared with 121 in ember In spite of an overall rise in new opportunities, job demand dropped back across a range of sectors, from Banking to Energy Consumer-facing sectors saw the largest falls, with Hospitality & Catering jobs dropping by 33 index points compared with ember However, rising demand for new workers in other job areas balanced the falls. Core job areas, including Marketing & PR, Estate Agency, Retail, Sales, Security, Charity and Media, all experienced rising demand uary grew at a slower pace than Q4 2011, job creation is 9% above the level of a year ago instilling confidence in the job market About Reed Job Index The Reed Job Index tracks the number of new job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set in ember Data for the index is compiled from reed.co.uk, the UK s largest job board, which every day lists over 100,000 job opportunities from 8,000 recruiters across 42 career sectors throughout the UK. Reed Job Index figures are released at the start of each month and give an accurate and timely snapshot of the UK s job market. About reed.co.uk Launched in February 1995, reed.co.uk was the first recruitment site offered by a recruitment agency in the UK. Today, reed.co.uk is the UK's most visited job site (source: Experian Hitwise). Each month, more than 3.5 million jobseekers use reed.co.uk in their search for work, making over 75,000 applications every day. Jobs on reed.co.uk come from over 8,000 recruiters, including leading employers in the private and public sectors, recruitment agencies and consultants from Reed's network 350 offices across the UK, and around the world. Page 1

2 Market Commentary Martin Warnes, Managing Director of reed.co.uk, comments on the Reed Job Index for uary: "The first Reed Job Index of 2012 shows a jobs market that has grown 1% on ember and 9% on the previous year with the majority of sectors showing growth on However, the Reed Jobs Index score of 123 is below the high point of November and the recovery in the jobs market continues to be a slow one. "Nevertheless, year-on-year growth in new jobs of 9 per cent for uary is encouraging and underlines the determination of UK businesses to ride out the economic storm." Page 2

3 Reed Job Index Each month, the Reed Job Index tracks the number of new job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set in ember The Reed Job Index is based on data from the UK s largest job recruitment website, reed.co.uk, which every day lists over 100,000 job opportunities from 8,000 recruiters across 42 career sectors throughout the UK. uary 2012 Job opportunities across the country grew in uary, reversing last month s decline. At 123, uary s Reed Job Index is up two index points from ember 2011 and 9% higher than the same time last year. The Reed Job Index is 23 per cent above the level of ember 2009 when the Index s baseline was set at Reed Job Index Index set at 100 with 92,423 jobs Page 3

4 Reed Job Index by sector Sector '09 Feb Marc h Apr May June July Aug Sept Oct Nov 12 National Accountancy Accountancy (Qualified) Admin, Secretarial & PA Banking Charity & Voluntary Construction & Property Customer Service Education Energy Engineering Estate Agency Financial Services General Insurance Health & Medicine Hospitality & Catering Human Resources IT & Telecoms Legal Leisure & Tourism Manufacturing Marketing & PR Media, Digital & Creative Motoring & Automotive Public Sector Purchasing Recruitment Consultancy Retail Sales Scientific Security & Safety Social Care Strategy & Consultancy Training Transport & Logistics Page 4

5 Sector In spite of an overall rise in new opportunities available in uary, job demand dropped back across a range of sectors, from Banking to Energy. Consumer-facing sectors saw the largest falls, with Hospitality & Catering jobs dropping by 33 index points compared with ember. However, rising demand for new workers in other job sectors balanced the falls. Core job areas, including Marketing & PR, Estate Agency, Retail, Sales, Security, Charity and Media, all experienced rising demand. Region Regionally, the North East and East Midlands showed uary s biggest jobs growth, while demand in Northern Ireland recovered from its dip in ember, boosting the Index as a whole. Reed Job Index by region Region '09 Feb Mar Apr May Jun Jul Aug Sep Oct Nov '12 National East Anglia East Midlands London North East England North West England Northern Ireland Scotland South East (excl. London) South West England Wales West Midlands (Region) Yorkshire and Humberside Page 5

6 Salaries Salaries for new jobs fell back across the board in uary, however, with the Reed Salary Index down one index point compared to ember, to read 98. Reed Salary Index: Reed Salary Index Reed Salary Index - by region Region '09 Feb Mar Apr May June July Aug Sept Oct Nov '12 National East Anglia East Midlands London North East England North West England Northern Ireland Scotland South East (excl. London) South West England Wales West Midlands (Region) Yorkshire and Humberside Page 6

7 Reed Salary Index - by sector Sector '09 Feb Mar Apr May June July Aug Sep Oct Nov '12 National Accountancy Accountancy (Qualified) Admin, Secretarial & PA Banking Charity & Voluntary Construction & Property Customer Service Education Energy Engineering Estate Agency Financial Services General Insurance Health & Medicine Hospitality & Catering Human Resources IT & Telecoms Legal Leisure & Tourism Manufacturing Marketing & PR Media, Digital & Creative Motoring & Automotive Public Sector Purchasing Recruitment Consultancy Retail Sales Scientific Security & Safety Social Care Strategy & Consultancy Training Transport & Logistics Page 7

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