The Alljobs Online Recruitment Index has now hit a record low, since records began in August 2000.
The volume of advertised vacancies in the UK is an accurate reflection of the economic climate, and never more so than now.
At only 759.06, the Index represents only 32% of its peak figure of 2,356.55, in August 2007. Also, compared with its level only 12 months ago, the Index has plummeted by almost 60%. This is a dramatic reflection of the current serious difficulties in the recruitment sector. Having enjoyed years of continuous growth, and record highs, the Index is now at its all time lowest figure for this time of year. From the beginning of January, we have seen unusual volatility in the index, which usually rises steadily in the first quarter of each year. Modest growth in January has been matched with eleven straight weeks of falls from late February to April.
The Alljobs Online Recruitment Index is a unique industry indicator. In order to more accurately reflect the ebb and flow of the online recruitment advertising sector, we use the published volumes of active job adverts from leading jobsites to generate a composite figure. With a baseline of 1,000 from when the Index began in August 2000, we are able to reflect the peaks and troughs of the sector, and compare year on year. By analysing this more accurate indicator, we are able to be informed more clearly of the seasonal shifts, and relative market confidence of advertisers who use the UK’s major job sites.
The 10 major job boards monitored are:
CV-Library Fish4jobs Jobserve The IT Job Board Jobsite Jobsearch Monster Reed Totaljobs Just Engineers
www.AlljobsUK.com is the leading online recruitment portal in the UK, and has a database of every recruitment agency, employer and job board advertising vacancies.
www.AlljobsUK.com is the sister site of www.1job.co.uk, the UK’s leading Job Search Engine.
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Please contact for further comment and information:
Stephen O’Donnell, Director, AlljobsUK.com.
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