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Job prospects rise but long-term unemployed still suffer

Job prospects rise but long-term unemployed still suffer

The Reed Job Index reached its highest level in six months in September; which will come as welcome news to contractor accountants and anybody else who is seeking a new position.

Across the UK recruitment activity rose by 2%, raising the Index to 104, the second highest level since Reed began compiling these statistics last December.

Salaries have not yet recovered to the same level as they were at the end of last year when Reed set the Salary Index at 100, although they recorded a 1% increase to 96 last month.

The Reed Job Index is compiled from data from reed.co.uk, the largest job board in the UK, which lists more than 90,000 job vacancies on a daily basis.

Customer service, digital and creative, leisure and tourism and IT and telecoms were amongst the sectors showing the greatest demand whilst public sector opportunities understandably declined.

On a regional front, the East Midlands, Scotland and Yorkshire and Humberside all experienced accelerated growth in vacancies, with the Index in those areas reaching its highest ever level.

Whilst this is obviously good news for job seekers, the Institute for Public Policy Research has released data that shows prospects for the long-term unemployed have not improved. In fact the amount of people classed as long-term unemployed has doubled over the past 2 years to 797,000.

The ippr data notes that there is a jobs deficit of 330,000, which threatens the capability of the coalition’s Work Programme to help people get back into work.

Under the scheme, contracts worth £3bn are to be awarded to voluntary and private sector providers. However, more than 5 people are currently chasing every one of the UK’s job vacancies.

Nick Pearce from the ippr said that one solution could be a localised and flexible system offering a highly personal service to the long-term unemployed.

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Image: Everyone has layers….. by Nina Matthews Photography

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