Jobs market strengthens for London staff


Jobs market strengthens for London staff
There is good news for job seekers in London. Vacancies for both permanent and temporary staff have continued to rise strongly in the capital, with rate of pay also on the up.

According to new figures from the Bank of Scotland, labour market conditions in London remain above the UK average as employers compete to find the best candidates.

Recruitment consultants taking part in the bank's survey indicated that demand for permanent staff in London rose at the strongest rate for 27 months in October. Similarly, demand for temporary staff continued to increase faster than anywhere else in the UK.

The strongest rise in demand for permanent staff was seen in the IT and computing sector, while for temporary staff demand was strongest in the engineering and construction industry.

Around 35 per cent of recruitment consultants reported a rise in permanent staff salaries in October, while the national minimum wage helped to drive up temporary pay.

Tim Crawford, group economist at the Bank of Scotland, said: "The London labour market has strengthened over the past year and growth rates continue to outpace the UK average.

"In October there was an increase in job vacancies and appointments in the capital. Pay rates have also risen in London as employers try to attract the right candidate in a tight labour market."

Related categories: Construction / Property, IT / Internet.

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