London professional jobs market has slow start to autumn - Morgan McKinley

Chris Papadopoullos
Follow Chris
While the professional jobs market slowed, pay growth stayed strong (Source: Getty)

London's professional jobs market came off the boil last month, but there are signs of activity picking up and pay growth remains robust.

The number of jobs of available fell 14 per cent in September compared with August, data from recruiter Morgan McKinley reveals today.

However, the number of jobs available is up 12 per cent on the same in 2014.

“August was a surprisingly quiet month, which trickled through to September,” said Hakan Enver, operations director at Morgan McKinley.

“After the holiday season, things were unusually slow to get going. We only started seeing a pickup in activity during the second half of last month. This explains the monthly decrease in jobs.”

Worker confidence also appeared to moderate. The number of workers seeking greener pastures dropped to 12 per cent to 13,440 yet remains well above the 8,837 in September last year.

Pay growth was strong, with those workers that switched employers receiving an average pay boost of 19 per cent. The same figure was 20 per cent for workers in financial services.

“Overall it’s been a very strong year for jobs growth,” said Enver. “On the back of such a strong year, I expect growth to flatten out towards the end of this year.”

Enver said jobs growth may also slow due to strong volatility in financial markets over summer.

Related articles