October data from Indeed shows that the availability of jobs in the UK has increased across all industries compared to September 2014, reflecting the continuing decrease in the UK unemployment rate. Vacancies in the education sector in particular have continued to grow following fears of a skills shortage in the area.
Industry Employment Trends
Top growth industries (year on year) – change compared to October 2013
- Transportation (up 46%)
- Real Estate (up 42%)
- Hospitality (up 37%)
- Construction (up 35%)
- Education (up 32%)
Top growth industries (month on month) – change compared to September 2014
- Education (up 7%)
- Real Estate (up 5%)
- Financial Services and Banking (up 5%)
- Accounting (up 5%)
- Transportation (up 4%)
Key stats:
- All industries had an increase in job postings in October, aside from Media which remained the same
- Overall, the Retail sector had the highest number of job postings in October 2014, with 163,627 positions available, although overall the sector only grew by 3% this month
- The finance and banking sector entered the top 5 growth industries for the first time this year
- Job postings within the Real Estate, Transportation and Construction sectors have consistently grown this month
- Outside of London, Birmingham and Manchester are the largest UK employment hubs for education-based jobs
Commentary from David Rudick, VP International Markets, Indeed.com
“It’s interesting to see that despite jobs in the education sector rising by 32% since October last year, demand from job seekers for these roles has flat lined in the same period, supporting recent fears that the sector could be experiencing a skills shortage. Fears of a teacher shortage have been looming in the UK following Labour analysis this year, which showed that the number of teacher vacancies across state-funded schools has doubled since 2010. Coupled with the expectation that the number of school children in the UK is expected to increase by 800,000 over the next decade, this is a concerning statistic. Currently, there are around 90,000 teaching jobs available on Indeed.
The finance and banking sector entered the top 5 growth industries for the first time this month, as searches for finance vacancies hit an all-time high for 2014. On Indeed.co.uk there were 2.5 million searches in October alone. Accounting roles received the most searches amongst finance jobs.
Perhaps surprisingly, the Retail industry, which witnessed significant growth in September, did not peak further in October despite the UK being on the edge of the Christmas season. However, it still enjoyed the highest number of job postings of all sectors this month with 163,627 positions available.”
About Indeed UK monthly employment index
The data used within this release can all be accessed online at the Indeed website, showing data for the number of job seekers per job posting in the 50 most populous metropolitan areas in the U.K., which cities have the most job postings per inhabitant and job postings available per industry on a monthly, quarterly and yearly basis (from September 2011 to present).
View the latest industry employment trends data here: http://www.indeed.co.uk/jobtrends/industry
View the latest Job postings per Capita data here: http://www.indeed.co.uk/jobtrends.jsp
View the latest Job Market Competition data here: http://www.indeed.co.uk/jobtrends/unemployment