The number of new City jobs fell by 12% in April compared to the previous month, according to Morgan McKinley’s employment monitor. 

The monitor also shows that compared to April last year, when job numbers fell sharply, the month registered a 100% increase in the availability of new jobs.

There was a 33% month-on-month rise in the number of financial services professionals entering the jobs market in April 2010, with a 69% increase on April last year.

The time taken to secure a new role fell to 53 days from 60 days in March 2009.

Andrew Evans, managing director of Morgan McKinley’s financial services division, says: “Underlying recruitment activity continues to be at its strongest since the start of the downturn, although there will always be fluctuations on the road to recovery.  

“As anticipated in last month’s Employment Monitor, job opportunities decreased in April 2010, although they still registered the second highest level since September 2008. After a very strong Q1, it was expected that activity would not continue at the same pace.”