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Financial sector applicants 'stable'

Published: Tuesday, 26 February 2008   Category: Graduate Job sector Reports

The number of people applying for positions in the financial industry is around 30,000, a fall of 20.3 per cent from October of last year, according to new figures.

Conducted by Joslin Rowe, the research found that the credit crunch was responsible for a sharp upturn in applications for the sector in October due to concerns over bonuses and future job availability.

Graduates may be interested to learn that there were 8.5 per cent more permanent job positions to be filled in January of this year than in the previous month, rising from 17,630 to 19,130.

Additionally, temporary vacancies were also seen to increase by some 17.4 per cent.

Position are being filled quicker too, with the financial sector taking 15 days fewer to fill its vacancies in January 2008 as compared to the same time last year.

The average time to fill a vacancy this month stood at 72 days, as opposed to 87 days a year ago, according to the figures.


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