Private sector hire rate jumps

THE RATE at which the private sector in London took on staff hit its quickest pace for almost three years in March.

A survey by Lloyds TSB and Markit, which indicates growth with a score above 50, shot up to 57.7 last month.

The last time the private sector in the capital hired at a quicker rate was in April 2008.

The jobs market also grew for a second consecutive month for the first time since last April. The capital’s service driven economy helped to boost employment, as the sector continued to take on new staff.