London's job market at two-year peak but Brexit concerns loom

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London’s jobs market is in its best shape for more than two years despite looming concerns over the impact Brexit might have, recruiter Manpower has said.

Its latest survey of the employment outlook found that nationally, 7% more employers were planning to increase staffing than were intending to cut, but in London the balance is 10% — the highest since the autumn of 2013.

Manpower’s operations manager Paul Laurie said hirings for financial services, IT and digital roles had been particularly buoyant.

“London’s hiring prospects have been progressively getting better… It is encouraging to see London going from strength to strength as businesses across the capital sharpen their focus on attracting the right talent.”

But the company also warned over the potential disruption of a vote to leave.

Managing director James Hick said: “Though there’s clearly the demand for workers, we need to protect the supply of talent. Employers of all shapes and sizes rely on the free movement of people inside Europe to find the skills they need.

“Let’s be realistic: we simply won’t be able to replace overnight the skills these people bring to the UK if we leave the EU, and it’s our economy that will suffer.

“Unemployment is at its lowest level since 2006 – it’s unrealistic to suggest there’s enough slack in the labour market out there to fill these jobs.”

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March 9, 2016 |
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