City sees hiring surge as workers trickle back to offices

Good news for jobseekers hoping to get a new gig in financial services: hiring in the City increased in the first quarter. 

According to recruitment firm Morgan McKinley’s quarterly London employment monitor, there was a 70% quarter-on-quarter increase in jobs available and a 50% increase compared to March 2020, the month the spread of coronavirus first forced the government to lockdown. 

The boost comes as England slowly comes out of its third lockdown, although workers are still being encouraged to work from home with social distancing remaining the norm.

The increase “is encouraging and suggests that the crisis has turned a corner, with confidence  growing, which in turn is fuelling hiring activity and momentum,” said Hakan Enver, managing director at Morgan McKinley UK, in a statement. 

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“Banks are back in expansion mode with a strong uplift in appetite for hiring experienced professionals.”

There was also a 4.8% increase in the number of jobseekers compared to the last quarter of 2020. 

According to the latest government statistics, more than 32 million have received their first dose of the vaccine and 8 million are fully vaccinated. On 14 April, the government reported 2,491 new Covid-19 cases and 38 deaths.

To contact the author of this story with feedback or news, email Bérengère Sim

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