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Employers remain undeterred by EU referendum result

CIPD survey shows post-Brexit slow down in hiring and skills investment

The latest figures from the UK’s largest job site, reed.co.uk, show that the country’s jobs market remains resilient and British employers are undeterred after the historic vote to leave the EU.

In fact, in the three weeks following the announcement of the referendum result, 151,836 new jobs have been added to reed.co.uk – that’s 8% more than were added during the same period last year.

The sectors benefiting most from the post-referendum boost include education (+12,773), IT & telecoms (+12,002) and sales (+10,834).

The cities benefiting most from the post-referendum hike include London (+14,803), Manchester (+4,843) and Birmingham (+3,701).

In the run-up to the referendum, 66% of recruiters surveyed by reed.co.uk stated that they backed the Remain campaign. Despite this, in the wake of Britain’s decision to leave, UK employers are still optimistic. In the days following the announcement of the result, 83% of companies surveyed said that they don’t plan to freeze recruitment.

James Reed, Chairman of reed.co.uk comments: “There’s been a lot of conjecture, most of it negative, about the impact of Brexit on jobs. I was very surprised to see data last week from CEB Global Consultancy claiming that the number of job vacancies advertised had fallen by 700,000 following the referendum. Our data tells a very different story.

“In the three weeks since the Brexit vote the number of new jobs added to reed.co.uk is well up on this time last year. Britain’s employers seem determined to continue with business as usual.”

Jobs added – Top 10 sectors:

1 Education 12,711
2 IT & Telecoms 12,000
3 Sales 10,833
4 Accountancy 9,760
5 Admin, Secretarial & PA 9,636
6 Engineering 8,030
7 Construction & Property 7,611
8 Transport & Logistics 6,804
9 Health & Medicine 6,582
10 Customer Service 5,882

 

Jobs added – Top 10 cities:

1 London 14,803
2 Manchester 4,843
3 Birmingham 3,701
4 Bristol 3,352
5 Leeds 2,772
6 Cambridge 1,664
7 Reading 1,619
8 Nottingham 1,528
9 Milton Keynes 1,502
10 Liverpool 1,330