The number of new financial services jobs created in the City rose by 3% month-on-month in May, the second highest volume of new jobs since September 2008, according to the latest Morgan McKinley Employment Monitor.

The monitor also shows that compared to May last year, new job numbers rose by 82% last month, while the number of new professionals entering the City employment market in May fell by 2% compared to April.

Compared to May 2009, the number of new jobseekers in the City rose by 41% in May 2010.

The average salary for those placed in jobs in the City in May rose 9% compared to salaries for those securing jobs in April 2010.

Andrew Evans, managing director of Morgan McKinley’s financial services division, says: “Recruitment levels in May 2010 were, as expected fairly similar to the previous month.  It will be interesting to see how the City reacts to the continued economic uncertainty in Europe and the announcements expected in the Chancellor’s Emergency Budget, such as the proposed bank levy and tighter regulations in some areas of the financial services market.  As a result, visibility of the City jobs market over the next few months is somewhat limited.”