The number of jobs available in London fell by 29% in June when compared to the same period last year, according to the latest Morgan McKinley London Employment Monitor.
The monitor also found a 35% decrease in professionals seeking jobs in London in June, when compared to the same period last year.
Month-to-month figures from the monitor reported a 4% increase in jobs available and a 29% increase in professionals seeking jobs.
Hakan Enver, Managing Director, Morgan McKinley Financial Services, commented on the month-to-month data, “To have a non-January job-seeker spike like this demonstrates a return of extraordinary confidence in London’s financial services jobs market. The heightened confidence amongst professionals and ongoing business investment in London point to a much more active jobs market in the second half of the year.”
On the year-on-year data, Enver commented, “Businesses still have a lot of pressing questions about their post-Brexit future. But with talks of a deal finally ramping up, optimism is slowly beginning to return.”
“The regulatory climate will naturally impact how business is done,” Enver said. “But technology and automation are as disruptive as Brexit, and businesses aren’t waiting passively to see what happens with those; they’re leading the way and creating new jobs in the process.”
In June, the monitor reported a 16% average salary increase for professionals moving from one employer to another, when compared to the previous month.