The number of jobs available in London decreased 23% in June, year-on-year, following the general election, according to figures from the latest Morgan McKinley Employment Monitor.

Data from the monitor also showed a 49% decreased in professionals seeking jobs, year-on-year. Meanwhile, on a month-to-month basis, there was a 3% increase in jobs available in June and a 5% increase in professionals seeking jobs.

“Though the 5% increase in job seekers, month-on-month, demonstrates that professionals are regaining confidence in the financial services job market, the 49% decrease in job seekers, year-on-year, underscores the dramatic shift in the city’s workforce heralded by the vote to leave the EU,” Hakan Enver, Operations Director, Morgan McKinley Financial Services, said.

“Each election over the course of the last three years has defied expectations and resulted in an upswing in hiring, albeit with a little less panache this time around,” Enver said.  “Our clients want to recruit aggressively, but one year into a post-Brexit world, they’re still holding back. If it weren’t for the ongoing confusion surrounding the business climate, the jobs available numbers would be even higher,” said Enver.