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UK – Hiring activities in financial services fall

11 March 2013

Financial services opportunities across London fell at an annual rate of -15% last month with the latest Morgan McKinley employment monitor registering 3,056 new jobs. But month-on-month, the number of newly available jobs rose by +11%.

The research also that the number of professionals entering the job market in the month fell by -13% when compared to a year ago. Again the picture looked better month-on-month with this figure rising by +4%.

Although both job availability and job seeker interest in new roles were once again below the levels of February 2012, the decreases were smaller than in previous months. The drop in job availability on the previous year is the smallest in nearly two years.  

Hakan Enver from Morgan McKinley said: “It’s a promising start to the year to see job availability rise again and this more modest increase of 11% month-on-month is a more realistic picture of the current market. It indicates there is still an appetite to hire with continued momentum following the increased number of available jobs in January.” 

In the month, demand was high for professionals with regulatory expertise, as well as for operations professionals within the investment banking and asset management sectors.  

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