Vacancies across the city of London increased by 23% year-on-year, according to new data from the Association of Professional Staffing Companies (APSCo), based on research undertaken by Vacancysoft.

While job openings in banking remain flat due to a number of financial services firms relocating outside of London, other sectors are booming.

The technology sector is the largest and fastest growing, recording a 44% increase in hiring activity year-on-year. At the same time, demand for IT professionals increased by 25% year-on-year, forming 37% of all advertised positions.

HR professionals saw a 33% increase in demand while vacancies for B2B (business to business) business development & sales professionals also increased by 37%, accounting for 6% of all professional vacancies. Technology, Media & Telecoms (TMT) meanwhile saw a 32% rise in demand for talent. Demand rose by 20% for accounting & consulting positions.

Rina Durban, Membership Relations Manager at APSCo, commented “It’s fantastic to see that the capital is withstanding Brexit pressure and that the job market is still strong. London’s rich talent pool, particularly in the technology sector continues to draw in leading companies to encourage market growth. Demand in this area is now particularly high as London has successfully pivoted into becoming one of the leading global hubs for technology.”