- Permanent placements decline for first time since October last year
- Growth in contract billings moderates to six-month low
- Supply of permanent and temporary labour continues to fall
Permanent placements fall
The amount of people placed into permanent positions in the capital decreased in September, thereby ending a ten month sequence of growth. Though only marginal, the decline contrasted with another marked expansion across the UK as a whole.
Contract billings growth weakens
September data pointed to a fourteenth consecutive monthly rise in contract billings at the end of the third quarter. Although solid, the rate of growth softened substantially from the previous month and was the least marked since March..
Permanent candidate supply falls further
The supply of candidates available to fill permanent positions in London fell for the fifty-second time in as many months during September. The rate of decline moderated from August but was marked overall. Nevertheless, the pace of deterioration remained less severe than seen across the UK as a whole.
Sustained drop in candidate numbers
The availability of workers for short-term roles in London dropped further at the end of the third quarter. Moreover, the rate of decline remained marked, despite easing since August. As was the case with permanent labour supply, the rate of deterioration remained softer than the UK average.
London-based recruitment consultancies reported a further rise in permanent starting salaries in September. The rate of inflation weakened slightly from the previous month but remained firmly above the historic average for the series.
Contract pay rates
Contract pay rates in London also increased in September, extending the current sequence of expansion to over four and- a-half years. Following a similar trend to permanent pay growth, the rate of contract wage inflation eased slightly from August but remained marked and sharper than the long-run series 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 Chester, 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.