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City recruitment up, but has been hit by 'shocks to the market'

Published: Friday, 15 April 2011   Category: Banking and Finance

The number of City jobs created in March was up by 1.5 per cent on the previous month, which will be of interest to university-leavers looking for graduate vacancies in the sector.

In all, 5,830 new jobs were created, which is cause for concern, according to financial recruitment firm Astbury Marsden.

Mark Cameron, chief operating officer at Astbury Marsden, said that previous estimates would suggest that more jobs would be created at this time.

"Traditionally at this time of year we see a surge in the number of roles coming into the City jobs market as employers replace staff that have left after getting their bonus," he said.

"This year however there have been a number of shocks the markets have had to absorb which have temporarily slowed hiring decisions by City institutions."

Some of the shocks that the market has dealt with in recent months include civil unrest in the Middle East and North Africa, as well as the natural disasters in Japan and New Zealand.

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