Q3 2015 Employment Monitor - Cpl

About the CPL Employment Market Monitor: The CPL Jobs Index – and the ... 2012:II. 2012:III. 2012:IV. 2013:I. 2013:II. 2013:III. 2014:I. 2015:I. 2015:II. 2015:III. 2014:IV. 2014:III .... by not doing it on the company's network. 50% OF EMPLOYERS ...
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CPL JOB MARKET MONITOR 2015 Q3 About the CPL Employment Market Monitor:

The CPL Jobs Index – and the annual change in jobs listings – refers to the total number of employment opportunities in the following four main sectors: IT & Telecoms; Science, Engineering & Supply Chain; Sales, Marketing & Retail; and Accountancy, Finance & Banking. In 2015 Q3, there were 2,488 jobs posted in the four sectors mentioned. The Sentiment Survey was completed in full by 493 employers in August and September 2015.

IT & Telecoms

Accountancy, Finance & Banking

Sales, Marketing & Retail

Science, Engineering & Supply Chain

All (incl. Legal and HR)

LABOUR MARKET STILL POSITIVE FOR THIRD QUARTER OF 2015

Figure 1 (below) presents the CPL Jobs Index from January 2011 to September 2015. There has been a steady increase in the number of jobs posted since 2011, the base year, and this continued into Autumn 2015, although at a slower rate than in recent quarters. The average level of the CPL Jobs Index during the second quarter of 2015 was 202, similar to three months previously and a little more than twice the number of jobs posted on average in 2011. The Science, Engineering & Supply Chain segment remains at roughly four times its 2011 level (orange line). In the other three sectors –(1) Accountancy, Finance & Banking, (2) IT, and (3) Sales, Marketing & Retail, the index reading for each was close to 150, slightly higher in the former and slightly lower in the latter.

Jobs index (2011=100)

600

500

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200

2015:III

2015:II

2015:I

2014:IV

2014:III

2014:II

2014:I

2013:IV

2013:III

2013:II

2013:I

2012:IV

2012:III

2012:II

2012:I

2011:IV

2011:III

2011:II

0

2011:I

100

YEAR-ON-YEAR GROWTH IN JOBS POSTED CONTINUES TO EASE

ANNUAL GROWTH IN JOBS POSTED 50%

Employers Market -2

-1

Jobseekers Market 0

1

2

30%

20%

2015 Q3

2015 Q2

2015 Q1

2014 Q4

2014 Q3

2014 Q2

2014 Q1

2013 Q4

2013 Q3

2013 Q2

2013 Q1

2012 Q4

0%

2012 Q3

10%

2012 Q2

Of the four sectors covered, the strongest growth was in IT (14%) and in Science, Engineering & Supply Chain (13%), although for the latter sector, this is the slowest growth in over three years. In Accountancy, Finance & Banking, there was only modest growth of 3% in listings. Lastly, in the Sales & Marketing segment, there was only a small increase (1%) in the number of listings, compared to a year previously.

40%

2012 Q1

Figure 2 (opposite) outlines the annual growth in the number of jobs posted, by quarter. The period from July to September 2015 marked the fifteenth successive quarter of year-on-year growth in jobs posted, since the start of the report in 2012. However, the rate of growth in Q3 2015, at just under 10%, is the slowest growth rate recorded since 2012.

GAP PERSISTS BETWEEN JOBSEEKERS AND EMPLOYERS VIEW OF THE MARKET Figure 3 (opposite) presents a measure of labour market sentiment: surveys ask both employers and jobseekers to rate, on a five-point scale, whether the market is an employer’s one (-2) or a jobseeker’s one (+2). Results for the July-September 2015 survey of employers are compared to those from a similar survey a year previously and to those from a survey of jobseekers in the second quarter of 2015.

Other

It shows a huge gap in how jobseekers and emp