Last week new figures from the Office for National Statistics showed that unemployment fell by 58,000 to 1.91 million between September and November last year. Unemployment hasn't been this low since 2008 when the recession began.
As we hear of the positive National Statistics just released, Apple announced today quarterly profits of $18bn, the largest in history. They sold 74.5 million iPhones in the 3 months before Christmas. Meaning 1 for every person in the UK!
Its clear to see that businesses are flourishing at the moment. Job openings are at their highest in 14 years. There are more than 700,000 job openings compared to only 127,000 last year.
This is great news for people looking to start or further their career, not only are there more jobs out there, figures show salaries are rising too! Earnings are up by 1.8% over the last 12 months overtaking the 0.5% inflation rate. Economists suggest wages are on the rise as workers have been reluctant to change jobs after the recession, this is now changing.
Although everything is looking psitive at the moment, the fact that job vacancies keep rising could show that companies are not finding the right candidates. Howard Archer of IHS Global Insight said: ‘On the face of it, it looks encouraging that more jobs are available for workers, however it is less positive if it reflects a significant mismatch between jobs available and the skills of people looking for jobs. Or a mismatch between the jobs available and the type of jobs people are looking for.’
The statistics are welcome news for businesses and candidates looking for work. As Kubo enters its 4th year of trading, there has been a noticeable increase in new job openings across Europe and the US. If you are looking for a new opportunity within Life Sciences, please visit our website at www.kuborecruitment.com
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