The London job market experienced a boost in job and application numbers over the month of September, with industries such as Construction and Accounting/Financial/Insurance witnessing the most significant growth.
Job numbers
The number of jobs posted or renewed in the London area has increased by 52% over the last year, with a 20% boost in the last month alone.
Job applications
In line with the increase in job opportunities, London job hunters have been applying to even more jobs, with a 6% increase between August-September and a 3% increase year on year, highlighting their commitment to finding work.
The sectors which attracted the most candidate activity in September were:
- Administration (20% of total applications)
- Construction (9%)
- Accounting/Financial/Insurance (8%)
The sectors which have experienced the fastest growth in candidate activity are:
- Construction (+8% August-September 2014, +22% September 2013-2014)
- Accounting/Financial/Insurance (+6%, +7%)
- Administration (+1%, +2%)
Key analysis
The volume of job postings and applications is usually seen to dwindle over the summer months and now that candidates and hiring managers are back from holiday, the recruitment process has been seen to resume in earnest. There has been a huge push in companies advertising positions, and in turn a heightened commitment from candidates looking to find work.
Industries such as Administration, Construction and Accounting continue to proportionately monopolise the total number of job applications, whilst also revealing the most significant amount of growth in terms of candidate interest.
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