As confidence in the UK economy continues to grow, the number of jobs in the City has risen for the second month in a row.
Figures also demonstrate a growth of 3% in comparison to figures from April last year.
According to the Robert Walters City Jobs Index, Financial Services firms are continuing to search for professionals on a permanent and contract basis, yet the number of permanent job roles continues to exceed the number of contract positions to fill.
“Compared to the same period in 2014, there is an 80% increase in the number of permanent roles available and a 39% decrease in the number of contract positions, continuing last month’s trend towards employers favouring permanent hires” says Chris Hickey, CEO for the UK, Middle East & Africa.
Shortages for high-skilled candidates continue
While jobs increase, employers are looking for highly skilled candidates for positions across the city, creating a high level of competition amongst employers for these professionals.
This April there were a total of 9,765 job opportunities available and approximately 4,530 candidates job hunting across all professional sectors, creating an average of 2.2 jobs available for every jobseeker.
Compared to the same period in 2014, there is an 80% increase in the number of permanent roles available and a 39% decrease in the number of contract positions.
Chris Hickey, CEO for the UK, Middle East & Africa, comments:
“We are seeing candidate supply tighten across the city as the pool of skilled jobseekers declines at the same time that the number of vacancies increases. This combined with some uncertainty among candidates in the run-up to the election, and the traditional delays in job hunting due to New Year bonuses, has made candidate shortages particularly acute.”
About the index
The Robert Walters City Jobs Index uses figures from Robert Walters database of jobs and candidate registrations, extracted on a monthly basis. Statistics for the full market are derived using estimated market share.
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