The number of new financial services jobs in the City fell by 8% in September, according to the Morgan McKinley London Employment Monitor.

Year on year new vacancies fell by 35%. The number of new candidates grew by 1% but slumped by 32% on the same period last year.

Andrew Evans, managing director of Morgan McKinley’s financial services division, says: “Despite the figures showing a month on month drop of 8% in the number of new City job vacancies, there was, generally, little change in sentiment amongst hiring managers from August to September. August recorded the highest volume of new job opportunities coming onto the market this year and September followed closely behind. Employers’ appetite to hire has continued to improve in the last month.

“Over the last few months, the health of the City jobs market has been steadily improving, albeit at a slow pace. If we look at where the hiring market was a year ago, in the immediate aftermath of the collapse of Lehman Brothers, when many financial institutions had implemented hiring freezes on new headcount and the industry experienced large scale redundancies, we are now in a much more positive market.”