The number of job vacancies in the UK increased slightly last month but the pay on offer declined, according to a survey by employment agency Reed.

Reed have said that 1% more jobs were offered by firms throughout its service in May compared to April. However, the average wage declined by 3% to £31,800 in May, from £33,200.

"While it is good that the job demand trend is upwards again, recovery remains fragile," said Martin Warnes, managing director of reed.co.uk.

"However, although employers are still suffering from cost constraints, some are seizing this opportunity to recruit talented people at high value to help grow their businesses."