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Booming jobs market leaves fewer applicants than ever for vacant roles

Britain’s booming jobs market means that fewer people than ever are competing for vacant roles.
New data from job search engine Adzuna found that for each empty position advertised in July, there were an average of 0.38 people applying for it.
This represents the least competition for each vacancy in the five years Adzuna - which believes its software captures almost every job advertised online - has been compiling data.
The dearth of job hunters is underlined by an unemployment rate of just 4.2pc according to official data - a joint record low with May 1975.
Despite the easing competition for jobs, the actual number of positions advertised during July fell, dropping 5.1pc to 1.141m compared with the same point a year ago.
Booming jobs market leaves fewer applicants than ever for vacant roles

Adzuna co-founders Andrew Hunter, left, and Doug Monro

Credit:
Geoff Pugh
Doug Monro, co-founder of Adzuna, said: “With competition for roles hitting an historic low, the mood should certainly be cheery for jobseekers in Britain.”
According to the jobs report from Adzuna - which supplies jobs data for No 10’s “dashboard” of statistics - average salaries on offer have outstripped inflation in the past year.
Jobs advertised in the UK average an annual salary of ?33,762, a rise of 3.8pc on a year ago, though a 0.5pc drop on the previous month.
“There’s a good, long-term trend in salary growth to compound the good news for those seeking new employment opportunities,” Mr Monro added. “A small stumble in salary growth remains the only black spot on an otherwise sunny horizon.”
The sector with the biggest pay rises over the past year were administration jobs, were pay on offer rose an average of 24.5pc to ?27,714.
At the other end of the scale, graduate roles saw the biggest fall, with advertised salaries declining 12.7pc to ?21,206.
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