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Job opportunities in the financial sector are on the increase, according to jobsite reed.co.uk, which said that fears of an economic recession and a slowdown in job creation has not been the case according to their latest April job index.
The index showed that many finance-related sectors have seen month-on-month growth including Accountancy and Financial Services sectors. And even though there was month-on-month vacancy decrease in Banking, General Insurance and Accountancy (Qualified) sectors in April, the firm says that finance-related jobs were among a third of the all industry sectors, showing a reading well above the month’s national average.
The job site argues this is also driven by financial firms launching new recruitment drives.
“One of the major consequences of the 2008 recession was that firms were forced to downsize significantly; putting thousands of skilled professionals out of work,” a spokesperson said.
“As Britain braces itself for further recessionary turmoil, we’re finding financial firms are looking for ways to kick-start growth rather than forestall it, and this has resulted in increased job opportunities in the industry. This is supported by results published in the Reed Job Index for the month of April, which shows increases in many finance-related sectors.”
The recruitment site also says that firms are creating opportunities in offices right across the UK with jobseekers being just as likely to find financial jobs in Manchester and Leeds as they would in London.
The Reed Job Index tracks the number of new job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set in December last year. It is based on data from its job board which lists daily 90,000 job opportunities across 37 career sectors in the UK.