"London's jobs market is starting to find its feet again, with a return to growth in permanent hiring offering a welcome boost after a long period of slowdown. The impact of the current geopolitical situation means businesses are showing some caution - there's a clear sense that employers are waiting to see how things unfold globally before making bigger hiring decisions."
"With investment in areas like AI gathering pace, it's important that people have the right skills to take advantage of these opportunities. Closing that gap and building confidence in digital and AI skills will be key to supporting long-term growth and keeping London competitive."
In March, London's labour market experienced a modest increase in permanent hiring, marking the first growth in a year. This rise was attributed to better candidate availability and selective hiring in specific sectors. However, the temporary jobs market continued to struggle, with temporary billings declining for the fourth month in a row. The demand for both permanent and temporary workers remained low, while the supply of candidates increased significantly due to redundancies. Employers are cautious, influenced by global geopolitical factors, affecting their hiring decisions.
Read at London Business News | Londonlovesbusiness.com
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