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)
YEAR-ON-YEAR GROWTH IN JOBS POSTED CONTINUES TO EASE
ANNUAL GROWTH IN JOBS POSTED 50%
Employers Market -2
Jobseekers Market 0
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.
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.
It shows a huge gap in how jobseekers and emp