This is the first year-on-year increase since the recession began, averaging 0.9 per cent.
Cofounder at Adzuna Andrew Hunter lists the possible reasons: The capital has become a hub for both graduates and start-up firms, which goes some way towards explaining the slow yearly salary growth.
“An uptick in lower paid hospitality and customer services roles has also dragged down the capitals average wage.
“Londons wide array of social and cultural attractions continues to attract jobseekers to the capital, and employers havent had to fight so hard to attract the best staff.”
Total advertised jobs grew by more than a quarter (27.2 per cent) YoY, in July. In the manufacturing sector, they doubled, while they tripled for graduates. Advertised vacancies were up across the board in July – to 872.629, a 3.8 per cent month-on-month.
Graduate salaries increased by 11.8 per cent month-on-month in July.
Hunter said: Despite a constant stream of negativity towards UK wages, there is genuine cause for optimism.
“Advertised salaries have grown annually for the first time since the recession, a sign that people may at last begin to feel the economic recovery in their pockets.
“This recent manufacturing success story has been a long overdue boost for the North. Through steely resilience and a new found entrepreneurial spirit, the North is reinventing itself as an economic powerhouse.