Jobseekers set to profit from financial jobs growth, report reed.co.uk

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Financial employment opportunities on the rise, as firms look to counter economic worries, reports reed.co.uk.

The number of job opportunities being created in the financial sector is on the up, according to reed.co.uk, one of the UK’s leading job sites.

With the government recently confirming Britain had now regressed back into an economic recession, there were growing fears that the number of new job opportunities being created would soon stagnate as firms seek stability amidst persistent financial worry. However, according to the latest Reed Job Index for April, that has so far not been the case, with many finance-related sectors, in particular, seeing month-on-month growth.

The report showed that the number of jobs created in Accountancy (126 points) and Financial Services (107 points) sectors had in fact increased throughout the month. And even though there was month-on-month vacancy decrease in Banking, General Insurance and Accountancy (Qualified) sectors in April, reed.co.uk says that, in general, finance-related jobs were still among a third of the 37 industry sectors tracked with an index reading well above the month’s national average of 134 points.* These included Accountancy (Qualified) - 154 points - and Strategy & Consultancy - 163 points.

The job site partially attributes this trend to financial firm’s kick-starting new recruitment drives.
“One of the major consequences of the 2008 recession was that firms were forced to downsize significantly; putting thousands of skilled professionals out of work.” a spokesperson for reed.co.uk said today.

“As Britain braces itself for further recessionary turmoil, we’re finding financial firms are looking for ways to kick-start growth rather than forestall it, and this has resulted in increased job opportunities in the industry. This is supported by results published in the Reed Job Index for the month of April, which shows increases in many finance-related sectors.”

reed.co.uk also says firms are creating opportunities in offices right across the UK; suggesting jobseekers are just as likely to find financial jobs in Manchester and Leeds as they would in London.

One firm which has recently announced a new recruitment drive is futures trading firm, CME Group. According to a recent BBC news article, the firm aims to employee 90 new staff at their Belfast offices- so not just jobs in London.

*Each month the Reed Job Index tracks the number of new job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set in December last year. The Reed Job Index is based on data from the UK’s largest job board, reed.co.uk, which every day lists over 90,000 job opportunities from 8,000 recruiters across 37 career sectors throughout the UK.

To view a full range of jobs around the UK, including jobs in Birmingham, Leicester and London, visit http://www.reed.co.uk

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Lynn Cahillane