Business

Advertised NI job salary rises to £29,690

Salaries in job adverts have risen over the past year in Northern Ireland to £29,690
Gareth McKeown

SALARIES in job adverts have risen over the past year in Northern Ireland, but have fallen to a three-year low in the UK new research shows.

According to jobs site  Adzuna the average UK advertised wage is £32,100, the lowest since April 2014, after a fall of 1.5 per cent over the past year.

By contrast average advertised salaries have increased in Northern Ireland by 2.3 per cent to currently sit at £29,690. Graduate salaries are also up by 3.6 per cent, to an average of £24,500.

Average advertised salaries have fallen by 3.3 per cent in south east England since a year ago

Adzuna said the "strain" on incomes is expected to get worse as the cost of living is rising faster than wage growth.

The number of job vacancies increased by over 6 per cent to 1.2 million compared to last year, and employment could benefit from a Brexit boost in productivity, said Adzuna.

Vacancies for jobs in the hospitality industry increased by 20 per cent as more people holidayed in the UK.

Doug Monro, of Adzuna, said: "The forecast for the jobs market seems to be continued dry spells of poor wage growth that will cause a drought in the labour market for the foreseeable future.

"However, sunny spells could lay ahead if certain Brexit predictions come to fruition and the national output is boosted."

"With advertised salaries so stagnant, those already in employment may be best served remaining in their existing roles and seeing if they can improve their wage that way," he added.

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