by Elizabeth Smythe on February 11, 2013

posted on boyce recruitment updates,

London jobs market starting to recover, report suggests

The latest Recruitment and Employment Confederation/ KPMG employment report suggests that the London jobs market could be on its way to recovery. 

The ‘Report on Jobs: London’ for January 2013 revealed increases in temp billings, permanent placements and a stronger demand for staff.

Thirty-seven per cent of REC agencies polled said the number of staff placed in permanent jobs in London was higher than in December 2012. They also confirmed that rate of contract billings had quickened to its fastest pace since June 2011 and demand for staff in the Capital continued to rise. 

It gets better for those looking for digital, social media or marketing jobs. London is expected to be ‘the fastest growing employment region in the country’ by 2016, owing to investment in the Tech City ‘cluster’, according to thedrum.com.

Commenting on the data, KPMG chairman of London Region, Iain Moffatt said: “Amid the doom and gloom caused by predictions of slow growth, the hiring figures for January should give employers and employees reasons to be cheerful.

“It is early days, but we should be seeing the start of an employment recovery in the Capital, as increasing numbers of people find work in both permanent and temporary roles. It may not be leaps and bounds yet, in terms of progress, but these are the largest strides for some time and should not go un-noticed.”