Amongst the many benefits that our data brings to our clients, including its granularity and comprehensive coverage, one of the most important is its freshness. Not only is our job postings data updated on a monthly basis, but our structured data is also updated annually, taking into account the latest available changes to the Government data upon which it is based. We have just completed this annual update to include the following sources:
• Business Register Employment Survey (BRES), 2017
• Workforce Jobs Series (WJS), Q2 2018
• Annual Survey of Hours and Earnings (ASHE), 2018
• Annual Population Survey (APS), Q2 2017
• Mid-year Population Estimates, 2017
• Business Counts, 2018
• Supply and Use Tables, 2011-2015
• Local Personal Income, 2011-2015
The new data can be accessed in our Analyst tool, where it is currently in Beta for testing (NB. Analyst will continue to default to the 2018 dataset, but clients can access the 2019 data by clicking on 2019.1 on the Datarun tab).
So what does it show? Obviously that’s a huge question, given the large volume of data points, but we can at least take a high level view of industries, occupations and regions, comparing what last year’s datarun showed with the new one.
The chart below looks at industries at the 1-digit SIC level, comparing the 2018 datarun (green line) with the new 2019 data (slate line). The data goes back to 2003, and is projected out to 2027, with the vertical line being 2017, which is when the new data is effective from.
Looking at the difference between the 2018 and 2019 datarun, we can see a number of interesting things. Firstly, a number of industries have significantly higher job growth than anticipated, including Construction; Information and Communications; and Real estate activities. On the flipside, a number of industries which were expected to grow have actually seen a decline, notably Financial and insurance and Transportation and storage:
Looking at occupations in the chart below, which again gives a high-level 1-digit overview, we can see that growth has continued across all occupations. However, the new datarun shows that it has been significantly less than anticipated in Process, plant and machine operatives and Professional occupations:
Finally, we can take a quick look at the 11 Government Office Regions. As you can see, there has been higher than expected growth in a number of areas, namely London, East of England, North East, North West and Yorkshire and the Humber, whilst growth in all other areas has been less than anticipated:
This is of course just scratching the surface of the data we have available. To find out more about it and how it can help your organisation, get in touch.