Job vacancies climb to one million

Job vacancies have increased to a post-recession high, especially for university graduates, according to a new study.

Jobs site Adzuna said the number of vacancies topped a million in May, almost a third up on a year ago.

There was a 16% rise in graduate vacancies, although four graduates are chasing a suitable job, compared to a UK average of just one.

Advertised salaries fell by 0.8% in May to £34,000 following small dips in the previous two months, said the report.

Adzuna said workers were better off staying in their job and negotiating a pay rise.

Andrew Hunter of Adzuna, said: "A wave of freshly-minted graduates are about to join the jobs market, and the number of vacancies has risen, affording them more opportunities. Employers are clearly keen to build their junior staff.

"It's a sign that British businesses are gearing up for the future – we're moving beyond the short-term firefighting tactics of the early recovery and into steady investment in our future talent."