services
 
 
 

For the month to 31 July 2016, Alert detected a total of 36,180 job movements across UK organisations – 55.9% (20,215) job gains and 44.1% (15, 965) job losses.

This compares with a total of 33,745 job movements detected for July 2015 with, coincidentally, the same percentage split, but reversed – 55.9% (18,849) losses, and 44.1% (14,896) gains. It’s too soon to expect any dramatic changes in the jobs picture post-referendum, but some sectors, such as financial services and manufacturing, are more vulnerable to contraction over the coming years if UK business confidence declines. In the shorter term, there is concern that some employers may use BREXIT as an excuse for undertaking restructuring moves which are really driven by other factors, such as competition, technology and marketplace changes.

For July 2016, Retailing, Transport, Leisure, Construction and Support Services make up the top five job-gain sectors. Three of these also feature in the top five job loss rankings, along with Financial Services and Public Sector suppliers (see tables below).

The jobs picture for the seven months to July 2016 shows Retailing, Leisure, Engineering, Transport and Construction leading the job gains table; with Retailing also heading up the job losses chart, followed by Energy, Financial Services, Engineering and the Food Industry.

The Alert Jobs Barometer
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The FIRST accurate job gain and losses data, post-referendum.

For the month to 31 July 2016, Alert detected a total of 36,180 job movements across UK organisations – 55.9% (20,215) job gains and 44.1% (15, 965) job losses.

This compares with a total of 33,745 job movements detected for July 2015 with, coincidentally, the same percentage split, but reversed – 55.9% (18,849) losses, and 44.1% (14,896) gains. It’s too soon to expect any dramatic changes in the jobs picture post-referendum, but some sectors, such as financial services and manufacturing, are more vulnerable to contraction over the coming years if UK business confidence declines. In the shorter term, there is concern that some employers may use BREXIT as an excuse for undertaking restructuring moves which are really driven by other factors, such as competition, technology and marketplace changes.

For July 2016, Retailing, Transport, Leisure, Construction and Support Services make up the top five job-gain sectors. Three of these also feature in the top five job loss rankings, along with Financial Services and Public Sector suppliers (see tables below).

The jobs picture for the seven months to July 2016 shows Retailing, Leisure, Engineering, Transport and Construction leading the job gains table; with Retailing also heading up the job losses chart, followed by Energy, Financial Services, Engineering and the Food Industry.

July 2016 – Job Gains
1)Retailing: Over 5,000 new retail jobs were created in July, with a heavy bias towards firms building their online/e-commerce operations. Discount food and home goods retailers also created bricks and mortar jobs. The retail industry is the UK’s largest private sector employer with 2.8 million staff and 290,000 individual businesses.

2) Transport: Almost 3,000 new jobs were created in July, with the main contributors comprising budget airlines and logistics companies with plans for UK and international expansion – possibly in anticipation of the positive impact of BREXIT. There are presently 60,000 driver vacancies in logistics / Haulage companies in the UK

3) Leisure: 2,000 new posts were created in July across fast food operations, budget and premium hotels, and pub chains, which all continued to show significant growth despite the intense pressures derived from competition and the drive to continuously connect with customers via traditional and digital marketing.

July 2016 – Job Losses

1) Financial Services: 4,000 jobs were lost in July, across retail banking and specialist services. A further 100,000 financial service jobs could be lost in the UK over the next five years, given certain negative post-BREXIT scenarios, especially if the huge trade surplus the UK currently enjoys in delivering financial services to the EU, is lost. The industry is one of the largest employers in the UK with 2.2 million workers.

2) Retailing: Almost 3,000 jobs were lost in July, particularly across travel services, clothing, and home products. These reflect the huge competitive and pricing pressures faced by the sector and the challenge of keeping the offerings up-to-date.

3) Construction: Almost 2,000 jobs were lost in July across house builders, building products companies and firms involved in infrastructure projects. 2.1 million jobs, or 6.2% of the UK total, are in the construction industry.

Sector Job Gains % of Gains
1. Retailing & Wholesaling 5,150 25.5
2. Transport & Storage 2,735 13.5
3. Leisure, Hotels, Sport 1,837 9.1
4. Property, Land & Constr 1,713 8.5
5. Support Services 1,607 8.0

Sector Job Losses % of Losses
1. Banks & Financial Service 3,928 25.5
2. Retailing & Wholesaling 2,679 13.5
3. Property, Land & Constr 1,959 9.1
4. Support Services 1,816 8.5
5. Public Sector Suppliers 1,004 8.0

Sector % of Gains
1. Retailing & Wholesaling 18.0
2. Leisure, Hotels, Sport 12.9
3. Engineering & Materials 9.8
4. Transport & Storage 8.7
5. Property, Land & Constr 8.7

Sector % of Losses
1. Retailing & Wholesaling 16.0
2. Energy & Utilities 15.1
3. Banks & Financial Service 13.0
4. Engineering & Materials 8.9
5. Food & Beverages 6.8

 
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