- Permanent placements expand at weakest pace since last November
- Contract billings rise at quickest rate for 14 months
- Permanent and contract labour supply continued to deteriorate
Permanent placements growth eases
Our London office registered an eighth consecutive monthly rise in the number of candidates placed into permanent positions during June. That said the rate of growth eased substantially from May’s near two-year high and was modest overall. The rate of increase was the weakest of all the UK regions.
Contract billings growth quickens
June saw a further rise in contract billings, the eleventh in as many months. Moreover, the rate of growth accelerated to a 14-month peak and continued to outstrip the UK average.
Permanent candidate supply declines
The amount of candidates available for permanent roles based int he capital decreased in June, thereby extending the latest sequence of decline to 49 months. Despite softening slightly from May, the rate of deterioration remained marked.
Drop in contract labour supply continues
The London office reported a fall in the supply of contract workers for the forty-seventh time in as many months during June. Moreover, the rate of decline accelerated from May and dipped below the average for this sequence. The pace of contraction was broadly in line with the UK-wide trend.
Salaries awarded to permanent starters in London rose for the forty-ninth month in succession during June. The rate of inflation quickened from May and was the most marked in 15 months. That said, the rate of growth remained weaker than the UK-wide average.
Contract pay rates
In line with the trend for permanent salaries, contract pay rates increased further in June. The rate of inflation accelerated from the previous month and strengthened to a five-month high. Contract wage growth in the capital was slightly weaker than that seen across the UK as a whole.
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.
To find out why so many companies turn to Langley James for support in fulfilling their IT & HR recruitment needs, call and speak to one of our specialist consultants today on 0845 124 9555.