The number of new City jobs in June fell to only just over half of those coming onto the market in the same month in 2011.
This is according to figures from recruiter Astbury Marsden, which found 2,940 new City jobs in June 2012, a 32% fall from last month’s figure and a 46% drop from the 5,410 seen in June 2011.
The survey also finds an 18-month low in the number of City staff looking to switch jobs at 5,320, down from 6,740 in May.
The firm’s chief operating officer Mark Cameron says: “This dramatic drop is an unfortunate reminder that we are still in a soft hiring market.”
He adds: “When sentiment is fragile hirers often look for reasons to delay hiring decisions – for example, the absence of a senior manager due to a holiday. This does raise the concern over how much of an impact the Olympics could also have on the City jobs market in the coming months.”
Cameron also notes that IT jobs within banks has been an unusually buoyant hiring area, partially due to the fact that “public pressure is really turning up the heat on banks’ internal risk controls”.
However, as recruiter.co.uk
reported earlier this week, careers in banking and financial services IT are seen as less attractive than they were five years ago, but are still among the careers within IT the highest job satisfaction