• Availability of permanent staff drops at sharpest rate in nearly 18 years
• Permanent placements rise only modestly
• Wages and salaries increase at slower rates
Permanent placements growth slows sharply
The rate of permanent placements growth in the capital eased sharply for the second straight month in August. The latest rise was the weakest in the current sequence of expansion and by far the slowest among the English regions.
Weakest rise in contract billings since most recent fall in April 2013
Growth in contract billings showed a similar trend to that seen for permanent placements in August. It was below the average seen at the UK level, and consistent with only a modest expansion in the latest period.
Steepest drop in permanent staff supply since December 1997
The availability of candidates for permanent positions declines sharply in August. The reduction in London was also faster than the average recorded across the UK as a whole.
Contractor supply falls at marked pace
The supply of short-term staff decreased further in August, continuing the trend observed throughout the past 25 months. The rate of decline was marked overall, albeit slightly weaker than the UK average.
The rate of salary growth eased since the start of Q3, to the weakest in nearly two years. It was also the least marked among the four monitored UK regions.
Contract pay rates
Contract pay growth also moderated since July. It remained solid overall, however, and stronger than the two-year low registered at the end of Q2.
About Langley James
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