“Monitoring private sector contract demand in the Capital”
Job availability across London rose by 50%
- Recovery of job availability returns London’s positive outlook
- Private sector returns to growth, leading the UK trend
- Availability of finance roles increase by nearly 100%
Contract Recruitment Index highlights
The September 2015 London Recruitment Index recorded a 50% month-on-month jump in job availability across the private sector.
Jodie Finn, Director at Venn Group explained:
“We’re happy to see a return to the normal rate of job availability within London’s private sector. We had expected a busier month following August’s summer slowdown, but we were pleased by the speed and strength of the bounce-back. It has been a great year for contractors in the capital, and we have to work harder than ever to make sure we’ve got the best candidates available to meet rising demand.
“This is a trend we’ve seen around the UK but once again London’s private sector is leading the way, with a greater jump in new job availability than any other region. Though the UK economy has grown strongly over the last year, London has leapt ahead with more than 3% growth year-on-year. 2015 has been a great year for the private sector and, following last month’s dip, we expect to see even greater demand for talented contractors to finish the year stronger than ever.”
Demand for finance roles doubles
Month-on-month, business demand for contractors within the finance sector increased by over 100% within the private sector compared to August.
Jodie Finn suggests:
“We’ve long known that London is an increasingly attractive centre for international finance, but we were astounded by just how much demand has risen over the last month. We worked closely with our contractor network to prepare them for a rise in demand following the quieter summer period, but we’re happy to have been able to meet the demand of so many employers that were looking to get back to business. The private sector has come back from the summer refreshed and ready.”
