Study: Job vacancies rise by 4%

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The jobs market has improved despite the struggling economy and Britain losing its AAA credit rating, according to a new report.

Adzuna said there were almost half a million vacancies in the UK, up by 4% over the past six months, although pay rates are declining.

The firm - a search engine for classified ads - said there were more vacancies than unemployed in some parts of the UK, including Guildford, Cambridge and Aberdeen.

Hull was said to be the hardest city to find work, with 51 applicants per vacancy. Competition for jobs has fallen most in cities including Cardiff and Edinburgh, while the position has worsened in Slough, Brighton and London, said Adzuna.

Wages have fallen over the past year, mainly due to an increase in part-time work, with Wales and the North West said to be the lowest paying regions of the country.
Adzuna co-founder Andrew Hunter said: "It's been a fairly positive start to the year, with solid vacancy figures showing the labour market is relatively robust, despite the looming threat of a triple-dip recession.

"While encouraging, it's far too early to pop the champagne corks. Many parts of the UK such as East Midlands and Yorkshire remain in crisis with job stock numbers dwindling and average wages decreasing.

"Youth unemployment continues to be the greatest issue facing the British job market today. There are still 974,000 16 to 24-year-olds unemployed in Britain and 17 applicants for every entry level vacancy.

"Our data suggests steady improvement in the number of jobs in the UK, but continued stagnation of salaries."

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