Weak jobs market ahead for London
EMPLOYERS in London foresee weaker hiring activity in the fourth quarter of 2009, according to the quarterly Manpower employment outlook published today.
Employers reported an overall improvement in hiring prospects on the previous quarter. But London’s outlook fell by eight percentage points, which is the weakest outlook for the region since 1993.
However, Alan Clarke, UK economist at BNP Paribas, said: “The labour market situation is still weak, but the survey provides tentative signs that we are now headed in a more positive direction.”
Employers in the financial sector are reporting improved hiring prospects for the first time since Lehman Brothers collapsed.