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Predictions for the job market in 2014

By recruitment expert and AMR Regional Director Julie Brumer
 
With hopeful signs of economic recovery, 2014 is tipped to be the year of positivity and a brighter outlook. According to the Office for National Statistics, employment figures increased by 280,000, when comparing September – November 2013 to the previous three months, to reach 30.15 million people in work. The number of unemployed people fell by 167,000, whilst the number of people claiming job seekers allowance between November and December fell by 24,000, which is the lowest number of claimants since January 2009.*
 
In his autumn statement in December 2013, George Osborne highlighted that unemployment will continue to fall to 7.1 per cent this year due to the recovery in the economy leading to an increase in job creation. He also stated that the Coalition Government had been right in its economic strategy, with the private sector creating three jobs for every lost public sector job. Alongside that, he has announced more funding for apprenticeship schemes to increase a skilled UK workforce (The Negotiator, February 2014).
 
Skilled jobs are in high demand, with more vacancies being added or created regularly, and recruiters are often having difficulties in finding the right people for the job. For example, jobs in estate agency are in demand as agencies are keen to recruit new members of staff to aid with the rise of house buyers, thanks to the Government’s Help to Buy scheme. This is due to there being too many trainees and not enough skilled candidates to take on the new vacancies, with 40% of agency roles being filled by trainees.
 
However, the Guardian recently wrote** that the UK graduate job market is “to be strongest in 2014 since financial crisis began”, with some of the largest employers including John Lewis and British Airways planning to hire over 18,000 graduates this year, which is an increase of 8.7% compared to 2012. And starting salaries are expected to remain unchanged for the fifth year running, at an average of £29,000 per annum. Recent years have seen graduates struggling to find work after life at university, with vacancy numbers dropping by 17.8% in 2009 and only rising by 2.5% last year.
 
With figures like this, it’s hard not to have a hesitant yet positive outlook for the future of the country’s job market and the growth of the UK economy.
 
If you are looking for a new challenge or promotion in the property or finance industries, contact AMR Recruitment on 0800 244044.
 
*http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/january-2014/sty-employment.html   
**http://www.theguardian.com/money/2014/jan/13/uk-graduate-job-market-strongest-2014
 
If you are looking for a new challenge or promotion in the property or finance industries, contact AMR Recruitment on 0800 244044.
 

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