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Brexit vote 'fails to put a serious dent in job opportunities'

Published 02/08/2016

There were more than 1.1 million jobs advertised in June, according to website Adzuna
There were more than 1.1 million jobs advertised in June, according to website Adzuna

Employers are continuing to hire staff despite concerns following the EU referendum result and a "chronic" shortage of skilled workers, a report shows.

More than 1.1 million vacancies were advertised in June and, although the lowest on record, there are still around two jobs per jobseeker, said Adzuna.

The jobs site said a south-east "bubble" was forming, with four out of the five best UK cities to find work in the region - Guildford, Oxford, Reading and Winchester.

Cambridge topped the list, with 14 jobs available for every jobseeker.

New job vacancies were posted in the weeks following the EU referendum, showing that the impact of Brexit on job adverts has been "limited", said the report.

Doug Monro, co-founder of Adzuna, said jobseekers have a lot to be optimistic about, adding: "Rising vacancies in June suggests that the jobs market was strong pre-Brexit and that employers may still be keen to hire in the next couple of months.

"There's a long journey ahead to deal with upcoming changes, political, legal and financial, but the jobs market is adaptable. Negative headlines disguise a picture of steady growth in the run up to the vote.

"As well as more jobs on offer, an ongoing skills shortage is making jobseekers more valuable to companies. Employers are competing to snap up those with the right skills, giving applicants more bargaining power in the boardroom over salary and benefits. Job hunters now have more options and can push for a better deal."

Financial and legal jobs have stagnated in recent months, suggesting it might take these sectors longer to recover from the Brexit shock, the report added.

Employment Minister Damian Hinds said: "The jobs market is in a position of strength thanks to a record employment level that has risen in all regions and nations of the UK over the last year.

"Our task now is to build on this success and support more people of all abilities and backgrounds into work so they can reap the benefits that come with having a job."

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