The number of vacancies at financial services firm in the City was unchanged at the open of the second quarter as the sector as the sector remains shrouded in uncertainty, according to Financial Times. On Tuesday, Morgan McKinley reported that new openings at London financial services firms reached 6,426 in April, which was unchanged from the previous month by up 15% year-over-year. The figure is above the low of 2,000 recorded during January 2009, but still well below the peak level of 10,500 recorded in August 2007.
The Chief Operations Officer of Morgan McKinley, Andrew Evans, said ongoing weakness is related to “continued grew clouds of inconsistent economic data,” elaborating, “First-quarter banking results were clearly very mixed.” The report forecast for an uptrend in the coming months on strong indicators, although hiring is likely to remain suppressed. Evans also said, “This sluggish pace and pattern of jobs recovery is likely to be a reflection of the slowdown seen in U.K. economic growth over the past two quarters.”
