More Than 40% Jump For Vacancies In The Financial Sector

At the end of 2021, the number of vacancies in the financial sphere in London has exceeded pre-pandemic levels, which is a sign that recruitment in the sector has recovered from the crisis due to the coronavirus, Reuters reported.

Morgan McKinley’s recruitment report, which provides detailed information on trends in the financial industry in London, shows that in the fourth quarter of 2021 there are 40% more vacancies in the financial sector than in the same quarter. period of 2019, before the pandemic, hit the economy.

Last year, more than 32,000 financial jobs were created in London, about twice as many as in 2020, thanks to the jump in the second quarter, when the British vaccination program allowed more people to return to the offices.

“Overall, the number of jobs continued to reflect the encouraging recovery from the impact of Brexit, the pandemic, and the lockdown,” said Hakan Enver, managing director at Morgan McKinley. He added that growing investment in the fintech sector in London has also helped.

Half of the economic output of the UK financial services industry is generated in London. According to government data from December 2020, the sector has contributed to nearly one-tenth of total production in the UK.

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