eFinancialCareers.com says it saw the highest number of job searches (62,701) in August and the most online applications (36,569) in a single week in the same month.

The job board found that almost 50% of City professionals admitted to not having been productive at all during August, however, 21% said they felt the lack of people and activity allowed them to be more productive.

Editor-in-chief for eFinancialCareers.co.uk, Ian Brown, says: “Our traffic in terms of visitors and applications shows many were using August as a springboard for new job searches.

“If I were an employer I might be looking at ways to stagger holidays to capture more summer business from competitors and keep my people focussed.”