CAT | Accounting and Finance

In line with our own UK market experience in Nov 12, the latest report on jobs by the Recruitment and Employment Confederation (REC) and KPMG highlights an increase in activity for the month with prospects of further improvements. CLICK HERE to read more …..

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While the decline in banking jobs is being well covered (celebrated even), it’s not all bad news for jobseekers in London. In our experience, the decline in banking jobs is being more than offset by growth in opportunities in other industries. The attached article supports what we are seeing amongst our own London community of Global Jobseekers. Read more ….

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There is no shortage of bad news for those wanting to pursue a banking career in London. Another report has just been released highlighting the decline in Financial Services industry jobs in London. Read more …..

 

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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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London’s financial sector will lay off 13,000 staff in 2013 after a weak year for dealmaking, a study forecast on Tuesday.

New estimates from the Centre for Economics and Business Research (Cebr) show a further downward revision in the forecast for the number of City jobs.

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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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emporary staff placements in UK professional-level jobs rose 15% year-on-year, but permanent roles dropped by the same level, finds data collected from members by the Association of Professional Staffing Companies (APSCo).

Engineering and IT temporary workers were in most demand, with placements up 17%. Meanwhile, in finance and accountancy, permanent hiring fell by 19%, while temporary placements rose more modestly, by 4%.

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