Report: Jobs growth defies downturn

JobseekerThe jobs market continues to grow, confounding predictions of an employment "cliff edge", with most regions of the UK benefiting from demands for new staff, according to a new report.

Employment firm Reed said job vacancies rose by 3% last month and by 12% since a year ago, with the biggest increases in social care, education and health.

James Reed, chairman of, said: "Throughout the downturn a number of commentators have been predicting a torrid time for the UK jobs market but, five years later, they have all been proved profoundly wrong."

He continued: "Today's reality is a steadily strengthening jobs market, with our data showing that the demand for new staff has grown robustly over the past 12 months.

"Jobseekers are also becoming more active as they grow in confidence to pursue new opportunities.

"Even if the statistics confirm a triple-dip recession in the UK, the growing capacity in the labour market suggests that business confidence is returning and any recession is unlikely to be long-lasting."

A separate report by recruitment firm Astbury Marsden showed that the number of jobs created in the City of London trebled to more than 2,500 last month compared with January 2012.

Chief operating officer Mark Cameron said: "The City jobs market has bounced back, but that rebound is from absolute rock bottom in December. We are still far from having turned the corner on the poor jobs market of 2012.

"New job creation in the City has been extremely depressed as politicians and regulators have put enormous pressure on the investment banks to scale back activity."