City job vacancies rise for first time since Brexit

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Available jobs rose by 6% during the month, compared with November 2015, according to the recruitment firm Morgan McKinley.

Hakan Enver, an operations director for Morgan McKinley, said in a statement announcing the data that “heading into the New Year with a higher base of jobs compared to last year bodes well for City employment in 2017”.

The City jobs market has been subdued in the wake of the UK’s June 23 Brexit vote. The number of vacancies fell 27% year-on-year in the month immediately after the referendum and then 20% in August, 5% in September and 17% in October, according to Morgan McKinley.

In November, the amount of people looking for new jobs in the City also rose on a year ago – by 16%. Enver said: “Redundancy numbers are up, so a spike in job seekers is to be expected.

“At Morgan McKinley, we’ve also seen a surge in top talent registering with us to consider European opportunities.”

This chimes with a survey published in October by headhunting firm Astbury Marsden, which found that nearly two-thirds of director-level staff working at investment banks, private equity firms and fund managers in the City of London are hoping to get another job within a year.

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