There are more opportunities available for IT contractors according to the latest Monster employment Index report. 11% additional PAYE and freelance vacancies were advertised online in May compared to the previous month.
IT was amongst the best performing sectors, along with education and training, legal and administrative and transport and logistics. Online postings for vacancies in education grew by 13% and there was a 12% increase in the legal sector.
Monster UK’s managing director, Julian Acquari, noted that the UK job market is slowing growing, despite the recent turbulence in the financial markets of Europe.
Investment in business improved during the first quarter of 2010 and this has brought about the increase in online job availability. Another positive sign is that HR positions are also showing positive year-on-year growth.
Just one sector registered a decline. Healthcare and social work dropped 2% during May but this might be expected since the majority of healthcare vacancies fall into the public sector.
Overall, the Monster index increased by 7% in May, but this jump could in some ways be attributed to the brief slowdown that was experienced in April. May’s figures were up 19% on the corresponding month last year.
Regionally, Northern Ireland showed the most momentum whilst Scotland experienced the least growth.
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