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City employment up 142 per cent in January

Published: Monday, 21 February 2011   Category: Banking and Finance

University-leavers searching for graduate opportunities may find some in the City of London, as recruitment levels soared last month.

According to the latest Morgan McKinley London Employment Monitor, the number of new jobs in the city went up 142 per cent in January, compared to the previous December.

Some graduate roles available in the City are with banks and financial services companies, while many law firms are also based in the area.

Andrew Evans, the chief operations officer for the financial services company, said the spike in recruitment was cause for optimism.

"It's encouraging to start the year with job opportunities on the rise and an increasing number of professionals in the hiring market," he said.

"Both are strong indicators that we are likely to see a healthy level of hiring activity in the market over the quarter and potentially beyond."

Earlier this month, The Work Foundation warned that public sector cuts could mean that university-leavers move to the south-east of England and London to secure graduate roles. 

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