An 11-month low of advertised salaries has come as growth in the workforce is driven by lower-paid roles and part-time positions, according a recent UK Job Market Report by Adzuna.co.uk.
The average advertised UK salary was £33,696 in June, down 0.9% from £34,002 in May, the fourth consecutive month seeing increasingly steep falls. Salaries have now reached their lowest point since £33,873 in July 2014. An increase in lower paid and part-time roles has factored into the advertised salaries stagnation. June saw 1,092,030 available UK vacancies, 3.2% higher than in May, and 12.8% above the number six months before, in December 2014.
Andrew Hunter, co-founder of Adzuna, commented: “Weakening advertised salaries signal an increase in the number of available entry-level, part-time and lower-paid positions. While the National Living Wage should prop up the salaries of those unfairly affected by falling wages, there is definitely still plenty of room for improvement.”