Member Article

London jobs growth ‘back on track’ as professional opportunities rise 56%

The number of available jobs in London has seen a month-on-month increase of 56%, according to Morgan McKinley.

In the London Employment Monitor June 2015 report, the recruitment consultancy reported a salary increase of 19% for those securing new jobs in 2015.

“The growth in jobs and opportunities that we have been predicting throughout 2015 is back on track,” says Hakan Enver, Operations Director Morgan McKinley Financial Services. “As we expected, the April-May figures turned out to be an anomaly, due to the short working month and the distractions of the general election.”

In June, professional opportunities rose by 56% month-on-month, wiping out and surpassing the dip in the previous month’s figures. “Overall, the first half of 2015 has been on a positive trend and we are seeing a huge appetite to recruit,” says Enver.

Professionals seeking new positions rose 26% month-on-month and the year-on-year figures were even more impressive with a significant increase of 120%. “There is a renewed confidence in looking for new opportunities and these were clearly on offer,” says Enver. “All the data we are seeing shows that there is a robust market for financial services jobs in the City. It’s an assertive market.”

The past few months have been a bumper month for wages, says Morgan McKinley, with bonuses being paid out and a general increase in wages supported by low inflation. A report from the Resolution Foundation think tank showed wages rising at the fastest pace since 2007. “With the holiday season fast approaching, we may see some slowing down in the market, but overall there’s no reason why this strong trend in jobs and opportunities won’t continue in the second half of 2015,” concludes Enver.

This was posted in Bdaily's Members' News section by Ellen Forster .