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Removed: embargoed article Advertised UK salaries rise for first time since crisis, jobs website finds
(about 17 hours later)
This article has been taken down as it breached an embargo. It will be relaunched on its correct date. Advertised salaries have shown the first year-on-year increase since the financial crisis, according to the jobs search engine Adzuna.
The average advertised salary in July 2014 rose to £33,873, a 0.9% advance on the previous year. The number of vacancies was up by more than a quarter to 872,629, according to the Adzuna report, which is based on online job vacancies collated from more than 300 sources.
There was also good news for jobseekers in parts of the country where the recovery has been weakest. All parts of the country apart from London saw a rise in salaries. Advertised salaries rose 19% in Wales, 7% in south-west England, 6% in north-east England and 5% in the West Midlands. London recorded a 1% fall in average annual salaries, as a surge in low-paid hospitality jobs brought down the average.
The north-east benefited from the continuing resurgence of car making in the region. The number of manufacturing vacancies almost doubled, while average salaries rose 16% to £29,507.
Andrew Hunter of Adzuna said there was cause for optimism as people may be beginning to feel the economic recovery. "The UK job creation boom has become a double-edged sword, creating record highs in employment rates at the expense of stagnating wages. For once we can see good levels in both job creation and wage increases. And as the UK motors on towards full employment, we may well see wages increase at a higher rate as employers begin a bidding war for skills."