North East Salaries See Biggest Drop In UK
2 February 2016, 05:00
Average advertised salaries have decreased faster in the North East than any other part of the country.
The UK Job Market Report from Adzuna UK shows the average advertised job here now pays £29,093, which was a drop of 5.3% year-on-year.
Salaries decreased in all UK regions, at an average fall of 3.5%.
Doug Monro, co-founder of Adzuna, concludes:
"It's been a difficult year for the North East's job market. For an area dependent on industry, tough times in the manufacturing sector have had a knock-on effect. And other sector areas haven't picked up the slack in order to cover job losses."
"The region appears to have been overshadowed by the North West when it comes to initiatives aimed at improving employment and skills."
"The area remains amongst the worst in the UK for unemployment and there aren't many signs of this changing."
"Many young people in the area are undoubtedly moving south in order to find better opportunities and this is depriving the area of some of its best talent and skills."
Scotland and London followed closely behind, with average advertised salaries falling 5.2% to stand at £31,283 and £39,988 respectively.