While vacancy activity has increased across the south over the course of the last year, what is interesting is how the region has slowed relatively to others.
Where the South has been highly effective in job creation has been in the technology and high tech industries, with key hubs located all around London.
By industry, TMT businesses remain the largest constituent block. With vacancies up over 20% compared to last year so far, this is one of the faster growing areas.
This investment into the region can also be seen in terms of increased vacancy activity, where year on year activity is up 21% in the East Midlands and 19% in the West Midlands. Other key trends include:
– Vacancies for IT professionals dominate, accounting for over 27% of all professional roles advertised;
– The largest area of hiring is within Consumer Goods and Services;
– There has been a significant increase in activity in the Public Sector and NFP.