What a year 2020 was for jobs and salaries. April and May saw average advertised salaries significantly increase suggesting that lower paid jobs were not as readily available due to Covid-19 and lockdown. By the Summer the average salary was starting to drop as more opportunities were slowly coming back onto the job market.
By the end of 2020, most of the UK had average advertised salaries above the £30,000 mark. The only area that did not was the East Midlands, short by £78 at £29,922.
London experienced consistent salary increases, month on month, for the 4th quarter with December seeing a modest rise of £75 (0.16%) to £45,744.
In summary, average advertised salaries are generally higher compared to 2019. This once again suggests that Covid-19, lockdown and UK tier restrictions have impacted most negatively on lower paid jobs.
Average Advertised Salaries* for December 2020:
East Anglia – £32,853
East Midlands – £29,922
London – £45,744
North East – £31,727
North West – £32,827
Scotland – £32,001
South East – £33,417
South West – £32,340
Wales – £31,014
West Midlands – £32,750
Yorkshire & Humber – £32,509