The number of City jobs continued to rise in February, according to the latest Morgan McKinley Employment monitor.

The monitor reveals that new financial services openings in February rose by 13% month-on-month and compared to the same month last year, job numbers were up 67% in February.

The number of professionals entering the jobs market in the month increased by 29% on January and rose by the same figure compared to February last year.

The average City salary stood at £51,560, up 2% month-on-month on January.

Andrew Evans, managing director of Morgan McKinley’s financial services division, says: “February’s data is particularly significant as it is the first full working month since November 09 and therefore gives us a more accurate picture as to the current health of the financial services jobs market.  There is a continued upward trend in job numbers, showing a similar sentiment to other economic indicators. The 13% rise in available job opportunities in February 2010 is relatively modest as anticipated, underlining that we are likely to see a gradual improvement in the hiring market over the year rather than a strong rebound.  However, new job vacancies were up 67% on February 09 figures, a similar rise to January 2010 versus January 2009.”