Average advertised salaries fall by 1%

Pound coins

The average advertised salary in the UK fell by 1% from £32,519 in June 2017 to £32,199 in July 2017, according to research by Adzuna.

Its UK job market report: August 2017, which analyses online job vacancy data in the UK from over 500 sources, found that the average advertised UK salary for July 2017 is 1.5% lower than in July 2016, when it stood at £32,688 a year.

In the south east of England, average advertised salaries fell by 3.3% year on year to £30,683, while average advertised salaries in Northern Ireland increased by 2.3% year on year to reach £29,690.

The average advertised annual salary for graduates in the UK is £24,454 at July 2017, up 3.6% year on year.

The average advertised salary in the UK HR and recruitment sector is 12.3% higher than in July 2016, rising to £34,004. Meanwhile, the average advertised salary for teaching vacancies increased by 5.6% in the 12 months to July 2017 to reach £26,877, and the average advertised salary for travel jobs rose by 5.2% to £25,569.

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Doug Monro, co-founder at Adzuna, said: “The forecast for the jobs market seems to be continued dry spells of poor wage growth that will cause a drought [in] the labour market for the foreseeable future. However, sunny spells could lie ahead if certain Brexit predictions come to fruition and the national output is boosted. Adzuna data shows there are a growing number of advertised vacancies available for skilled workers and jobseekers should make the most of the opportunity.

“As the cost of living is growing at a rate faster than wage growth, a sensible financial attitude is key. With advertised salaries so stagnant, those already in employment may be best served remaining in their existing roles and seeing if they can improve their wage that way.”