London job market picked up in January
Finally some good news for those who are hunting for jobs in London: January saw an increase in the demand for staff in the capital, new data reveals.
A survey carried out by Markit on behalf of the Recruitment and Employment Confederation and KPMG questioned over one hundred of the capitals’ employment agencies on recruitment information for January 2011.
The findings were positive. Specifically, data revealed a “substantial rise in the demand for permanent staff,” which increased by 11.2 points on the London Job Index and “strong growth” in the need for temporary staff resulted in a rise of 11.8 points. The rise in London was the fastest since January 2001 and was “steeper than the UK economy average.”
The total number of people placed in permanent roles rose by 3.1 points in the capital and permanent salary levels continued on the fifteen-month slow climb with an increase of 1.2 points on the index. This contradicts the national salary figures, which declined, emphasising the fact that London is the place to work.
Per sector, demand for staff was highest in IT and computing, followed by engineering and construction. Temp assignments were predominantly advertised within blue collar companies.
Bernard Brown, partner and head of business services at KPMG said: “The latest figures are encouraging. Employers across all sectors have been expanding their workforce in January, with no real pressure building on wage inflation.”