City Jobs Index highlights
- The number of jobseekers in the City is up 17% compared to last month
- The number of candidates also grew 9% compared to August 2014
- Candidates confidence spurred by 18% year-to-date rise in jobs
The results of the Robert Walters City Jobs Index, which tracks the number of jobs available and candidates seeking jobs in the City of London month-by-month, show that in August the number of candidates rose by 17% compared to July and by 9% compared to August last year.
In August 2015, there were 4995 candidates seeking positions and 7995 vacancies in the City in total.
The findings show that in August 2015 projects professionals were particularly active in seeking new roles. The number of projects candidates rose by 9% compared to the same time last year and by 18% compared to July of this year. As global regulatory pressure continues to drive employers to recruit projects specialists, candidates are entering the jobs market attracted by the high-salaries on offer to suitably qualified professionals.
Colin Loth, Robert Walters Managing Director comments:
“2015 has shown a thriving jobs market in the City, and candidates are feeling increasingly assured that they are in a strong position to look for new opportunities. As we prepare to move into Q4, it looks likely that candidates will be searching for new positions.
“This confidence among candidates is certainly justified. In the year-to-date we have seen strong growth, with the number of positions up 18% compared to the same period in 2014. Essentially, we are seeing a return to pre-recession sustainable growth which in turn is providing a favourable jobs market for candidates.”
“We are still seeing a healthy jobs to candidates ratio, even though we did see a small decline in the number of jobs in August, traditionally a quieter period for new jobs. Despite uncertainty around the global impact of the economic situation in China, the trends for 2015 so far have shown a City well on the road to recovery.”
Sales and marketing professionals in high demand
August also saw the high demand for sales and marketing professionals continue with the number of roles up 21% compared to August last year.
Colin Loth continues:
“The level of demand for sales and marketing professionals is often an indication of wider confidence among employers. When firms are looking to grow, professionals responsible for acquiring new business are vital and the fact that employers are actively seeking staff with these skill sets is a very positive sign.”
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