January rush sees application rates soar across Manchester

Date: 05/02/2018
Author: CV-Library
Company: CV-Library

Professionals in Manchester have started the year with a bang, with application rates in the city soaring by a staggering 92% in January 2018, when comparing findings with December 2017. This is according to the latest job market data from CV-Library, the UK’s leading independent job site, which found that Manchester saw the biggest increase out of any city in the UK.

The findings indicate that despite professionals in Manchester remaining cautious about moving jobs in recent months, many are now ready to make their move in the labour market. In fact, most of the UK’s major cities witnessed stand out growth in applications, with the cities that saw the biggest increases including: 

  1. Manchester – 92% growth in applications
  2. Birmingham – 90.4% growth in applications
  3. Edinburgh – 90.2% growth in applications
  4. Southampton – 85.9% growth in applications
  5. Bristol – 83.7% growth in applications
  6. Brighton - 82.3% growth in applications
  7. Sheffield – 80.6% growth in applications
  8. Nottingham – 80.1% growth in applications
  9. Portsmouth – 78.3%  growth in applications
  10. London – 77.2% growth in applications

Not only this, but some of the nation’s key industries also saw application rates soar in January, with marketing (93.1%), IT (93%) manufacturing (90.1%), accounting (88.4%) and construction (87.1%) all seeing impressive growth month-on-month.

Lee Biggins, founder and managing director of CV-Library, comments: “It’s true that in recent months application rates have remained stagnant, with the ONS reporting that the unemployment rate was at the joint lowest since comparable records began back in 1971. This is not surprising given the current state of the economy, in which many are looking for stability from their current employer.

“But while the end of the year is traditionally a quieter time for recruitment, our Q4 job market report revealed that businesses in Manchester were still working hard to attract talented candidates last quarter. This determination has clearly paid off and candidates have come back in full force this January, with application rates seeing staggering increases across the city.”

Businesses in Manchester also remained confident in January, with job vacancies seeing an impressive increase of 54.5% month-on-month, and 13% year-on-year. What’s more, advertised salaries for new roles soared by 3.3% month-on-month and 5.8% year-on-year.

Biggins concludes: It’s great to see that both advertised job vacancies and salaries also rose last month, with January traditionally being a busy time for recruitment. This is most likely because organisations will have received their annual budgets and are well aware that candidates will look for opportunities in the New Year. This impressive data suggests that both candidates and businesses are feeling secure right now and we hope that these figures are an indication of what’s to come as we progress further into 2018.”

Make the most of the recent surge in candidate appetite and advertise your roles today: https://www.cv-library.co.uk/advertise-jobs