City jobs rise in June

The number of new City jobs rose 6% month-on-month in June, according to the latest Morgan McKinley Employment Monitor.

The number of new City jobs rose 6% month-on-month in June, according to the latest Morgan McKinley Employment Monitor.

However, the monitor also reveals compared to the same time last year, there was a 2% decrease in job opportunities across the City this June, while there was also a 2% decrease in new jobs quarter-on-quarter.

The number of new professionals entering the financial services jobs market rose 3% from May to June. On the same time last year the number of new jobseekers increased by 30%.

The average salary for those landing new roles in June was £52,090, down 1% on the previous month.

Meanwhile the findings also show 80% of financial services professionals have not had, or have turned down, the opportunity to move abroad for work.

Meanwhile, global recruiter Ambition reports the number of job vacancies in London’s banking and financial services sector has risen 9% over the last year and 16% over the last quarter.

However, Ambition’s research also shows that despite the year-on-year rise in vacancies, the number of job interviews across the City over the same period has fallen 7% annually due to a lack of candidates with the right skills has made it difficult for businesses to recruit staff.

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