Professionals are feeling optimistic as we approach the end of the year, with application rates rising by 15% in October. That’s according to the latest job market statistics from CV-Library, the UK’s leading independent job site.
The data, which compared figures from October 2018 with those of September 2018, reveals that application rates outpaced job growth last month for the first time since January, with vacancies rising by 11.6%. What’s more, some of the nation’s key sectors saw above average hikes in applications, making these the best industries for hiring right now:
- Hospitality – 33.9% increase in applications
- Design – 31.6% increase in applications
- Agriculture – 25.9% increase in applications
- Construction – 22.3% increase in applications
- Catering – 21% increase in applications
- Sales – 15.8% increase in applications
- Legal – 15.2% increase in applications
- Engineering – 15.2% increase in applications
- Marketing – 13.1% increase in applications
- Recruitment – 13.1% increase in applications
Lee Biggins, founder and managing director of CV-Library, comments: “The New Year often inspires people to set goals and take on new challenges, including looking for an exciting new job opportunity. This has clearly already started and the increase in applications should provide reassurance to employers that may be struggling to fill their roles. If you’re looking to expand your team, now could be the perfect time.”
Furthermore, not only were applications on the rise last month, but candidate registrations to CV-Library were also up by 10.4% month-on-month. Interestingly, while salaries have risen quite consistently over the past few months, average pay for new jobs fell by 2.2% in October.
Biggins concludes: “The drop in salaries is interesting and could suggest that despite candidates feeling confident, businesses are slowing down and holding back until they begin their recruitment efforts again in the New Year.
“The fact that more candidates are perfecting their CVs and registering them online suggests that many are considering making a career move. This is particularly positive given that unemployment rates are continuing to drop and competition for candidates remains fierce. So what are you waiting for, post your jobs and start looking for ideal candidates today!”
Are you hiring? Make the most of this candidate confidence and post your jobs with CV-Library.
