- Permanent placement and temp billings both rise at weaker rates
- Demand for both permanent and contract staff increases
- Candidate availability continues to fall
Permanent placements rise at weaker rate
Permanent placements in the capital increased for the fourth consecutive month during February. That said, the rate of growth eased to its slowest for three months and remained weaker than the UK average.
Contract billings growth softens
London registered another rise in contract billings during February, the seventh successive month this has been the case. However, the rate of growth eased markedly from the previous survey period and was the weakest since August last year.
Strongest decline in permanent candidate availability for three months
Candidates available for permanent roles fell for the forty-fifth month in a row during February. The rate of reduction quickened to a three-month record, but remained softer than the UK average.
Further sharp fall in contract labour supply
The number of staff available for short-term roles fell in February, thereby continuing a trend that has been evident since August 2013. The rate of decline was slightly weaker than seen across the UK as a whole, but marked nontheless.
Salaries awarded to permanent starters in the capital increased further in February, thereby extending the current sequence of pay inflation to 45 months. The rate of growth eased from January and, though solid, was weakest out of the four English regions surveyed.
Contract pay rates
Contract pay increased in February, thereby continuing a trend that has been observed for the last five months. The rate of growth was solid, albeit weaker than the UK average.
About Langley James
Langley James was founded in 1999 by James Toovey, a highly respected recruitment industry professional. James wanted to provide something unique: a bespoke recruitment service which was founded on service excellence. With offices in London and Manchester, we are now providing our recruitment services throughout the world and over the last 17 years have worked with some of the most respected companies in the world.
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