ICAP’s UK Labour Market Indices for August show 3% decrease in unemployment despite vacancy volatility

11 September 2012


London, September 11th, 2012  – ICAP, the world’s leading interdealer broker and provider of post trade risk and information services, has today released August data for the UK Labour Market Indices (UK LMI).  Levels of unemployment are showing signs of improvement as job-seeker demand for advertised vacancies ease.

ICAP’s UK LMI Unemployment Index, an indicator for current job-seeking levels, shows a 3.0% decrease for August.  This reduction in competition for jobs is despite a 2.5% reduction in vacancies over the past month.  Despite the improvement in figures for the UK labour market, recovery remains uneven with high volatility month-on-month in vacancies suggesting continued employer uncertainty.

Sector Analysis – Retail

The detailed UK LMI breaks down vacancy and offered salary data for 48 sectors, including  retail, public sector, manufacturing, engineering and financial services. This can be used to understand hiring patterns within each sector, reflecting confidence and trading conditions, and can be a good indicator of financial performance.

In the Retail sector, strong temporary vacancy growth for the first half of 2012 suggested high levels of expectation amongst retailers for a successful summer period.  Relatively poor summer weather and widespread Olympic interest, however, contributed to lower than anticipated sales.  This has recently been reflected by reduced temporary hiring within the sector which, although 20% up on a quarterly basis, declined by 18% in August vs. July.

Read more here

Contact Us

Bryony Scragg
Head Of Media Relations
bryony.scragg@nex.com +44 20 7818 9689 LinkedIn
Bryony scragg
Casey Sheets
Media Relations (US)
casey.sheets@nex.com +1 212 521 4627 LinkedIn
Casey Sheets

RELATED NEWS

07 July 2016

EBS BrokerTec and ICAP Information Services launch...

EBS BrokerTec and ICAP Information Services launch the  EBS CNH Benchmark

EBS CNH Benchmark is the first fully electronic, trade-backed reference rate for the CNH m...

Read More
26 November 2015

ICAP and Wind Info to host Chinese renminbi confer...

Hong Kong, 26 November 2015 – ICAP plc (IAP.L), a leading markets operator and provi...

Read More
07 October 2015

ICAP Information Services launches the ICAP Euro I...

London, New York, 7 October 2015 – ICAP plc (IAP.L), a leading markets operator and ...

Read More
02 July 2015

ICAP appoints Jenny Knott as CEO Post Trade Risk a...

London, 2 July 2015 – ICAP plc (IAP.L), a leading markets operator and provider of p...

Read More
RESOURCES

RESOURCES

Browse media and documents
which are available to download.

Images & Video
INSIGHTS

INSIGHTS

Keep up with the latest coverage
of NEX and its industry experts.

See our insights