CAT | UK Inspiration

Another article profiling Kiwis doing interesting things in London and comparing life in London to NZ. CLICK HERE to read more ….

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CLICK HERE to read this article that profiles Kiwis doing interesting things in London.

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Jobs were filled at the fastest rate for nearly months in October as more people found work in both temporary and permanent positions, according to the  latest Recruitment & Employment Confederation (REC)/KPMG.

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Monitoring the pulse of the City jobs market for eight years” City hiring rises at start of Q4 in line with previous years :

  • The Morgan McKinley London Employment Monitor recorded an 11% monthly rise in job opportunities across the London financial services market in October 12
  • Compared to October 11 however, job vacancy numbers dropped by 36%
  • There was a 17% increase in professionals entering the City hiring market from September 12 to October 12
  • The number of job seekers has however, dropped by 53% compared to October 11
  • The average salary change for financial services professionals in October 12 increased by 20%.
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The number of people out of work fell by 50,000 to 2.53m in the three months to August as employment reached a record high of almost 30m, while the unemployment rate fell to 7.9%.

The number of people in employment has not been higher since records began in 1971, while the total level of unemployment is the lowest since spring 2011.

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Job vacancies have grown at their fastest rate for 13 months, with rises reported for both permanent and temporary positions.

This is according to the Recruitment and Employment Confederation (REC) and KPMG’s job data for September, which also found that the rate of growth in appointments of temporary staff was at a 14-month high.

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Temporary job placements in Britain rose at the fastest pace in 14 months in September as demand for new staff picked up, a survey showed today.

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Demand for staff among UK firms increased at stronger rate in September, a new report showed today.

The Report on Jobs, produced by the Recruitment and Employment Confederation (REC) and professional services firm KPMG, found that job vacancies continued to increase in September and the rate of growth accelerated to a 13-month high.

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Output in Scotland’s private sector has contracted for the first time in 20 months, according to a new report.

A Bank of Scotland survey of purchasing managers attributed the slight fall in September to a drop in the amount of new business firms were picking up.

The contraction contrasted with modest growth seen across the UK as a whole.

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Welcome to a Monday of rain, shortening daylight hours and only partially unmitigated job-gloom. Today brings an unfortunate triumvirate of pessimistic figures for London financial services jobs.

In the first, Morgan McKinley’s estimate for new financial services vacancies suggest that after a few months of stability, the creation of new jobs took a turn for the worse in September. As the graph below illustrates, we have come a long way (down) since the heady days of 2010.

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