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Financial service employment in London continues growth
Tuesday, 17 July 2007
Professional & financial services
The financial service employment continues to grow in the capital as the number of vacancies rose by 15 per cent in June, compared to last year's figures.
The research, conducted by Morgan McKinley, will come as good news for graduates seeking employment in the financial service industry, even though the figures represented a slight decrease against the May 2007 rate.
Robert Thesiger, chief operating officer Europe of Morgan McKinley's parent company, Imprint Plc said: "The ongoing strength of the financial services job market is a given but what is of note here is that the latest figures suggest minor seasonal adjustments have started to emerge combined with the need to assess half two requirements."
He added: "This is to be expected given the extent of the increases in hiring activity we have witnessed in this sector over the last six months on top of the already strong rises that occurred throughout the previous year. These figures suggest that some firms are taking their time to bed in new recruits and review their hiring needs for the second half of the year."
Compared to last year's figures the average London wage for the sector rose by two per cent.