2015 Jobs Market Overview
2015 has been a great year in the UK jobs market as unemployment has fallen to its lowest levels since 2006. Some key sectors have been performing particularly well and across the regions new industries have been leading the way in creating opportunities.
The hangover from the global economic crisis certainly seems to be easing with many traditional industries now making way for a wide variety of technology and service led companies. As well as the large corporate employers SMEs are enjoying rapid growth, and the support of Local Enterprise Partnerships certainly seems to have fuelled the collective ambition.
Which Job Sectors Have Performed In 2015?
2015 has seen some key sectors perform particularly well. Aerospacecontinues to grow at pace in the UK with over 100,000 people now employed directly in the sector, and average salaries in excess of £40k per annum. Similarly the Defence sector also continues to evolve, with the UK having an excellent reputation globally for quality, and 160,000 people in high value jobs employed within the sector.
The engineering and manufacturing industries are both on an upward trajectory. The talent shortfall in these fields is particularly evident in graduate roles, with many companies only receiving half the amount of graduate engineers they need.
FMCG continues to see demand grow. The ever developing impact of smart technologies on FMCG mean that consumers are able to purchase much easier than ever before.
The return to a much stronger economic performance has had an impact on construction too. Large projects in housebuilding and infrastructure have led to a return of better times with the sector now employing over 2 million people.
What Job Seekers Should Expect In 2016?
2016 looks like more of the same in key industries. The expectations in many of these growing fields, particularly those related to technology, engineering and energy are exciting. Unemployment should remain low, with optimism high and many businesses targeting further growth.
The Best Locations to Work In 2016
The nation’s capital is thriving with activity and London remains a key centre of global commerce. The city is well known for its prowess in financial services but with digital and creative companies arising in areas such as Shoreditch, as well as close proximity to large multinationals in FMCG, aerospace and defence, London remains the place to be.
The Government has been backing the devolution of control to the regions, and as the central point of the Northern Powerhouse Manchester holds many opportunities. The Spinningfields district provides opportunities in professional services and finance whilst Salford Quays is a hot bed of digital and creative media, as the new home of the BBC.
Cardiff is a capital city on the up with a wide range of opportunities. With a strong student population the city has a metropolitan feel with a more reasonable cost of living for a capital. The Cardiff Enterprise Zone and recently developed metro make it a great place for business and jobs.
The economic powers have Germany have allowed the nation to weather the storm of recession over the last few years, and today it competes with other leading nation. The Germans are famous for their vocational work place training and emphasis on apprenticeships, making it a great place to develop your career.
For anyone seeking the optimal work life balance then Sweden continues to lead the way, with its government eager to promote high quality of life. Most employers provide a minimum of 5 weeks holiday per year and with high profile sectors such as car manufacture and tourism there are many opportunities.
Best Jobs to Work In
IT/Programming – with ever growing demand for specialists in the industry you’ll find it hard to not find work.
Engineering – the shortfall of engineers across all sectors is evident and with high remuneration on offer it’s a great time to be in the sector.
Finance – risk, compliance and audit in particular are seeing a growth in opportunities as banks and other companies subscribe to new legislation.
Healthcare – an aging population means demand for healthcare workers is high so you should have job security.
Procurement – The last few years have shown many companies how to keep tighter control on their spending, and procurement specialists are in demand as a result.
If you are looking for a new career in 2016 feel free to browse our latest jobs here at Telegraph Jobs. We have a range of exciting vacancies and our FMCG, construction, technology, energy, engineering, executive, manufacturing and sales job sectors are thriving.