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London’s job market stays resilient despite headwinds says report

ALN

Vacancies in London’s financial services sector increased by 2% in recent months, signalling a market that remains resilient despite seasonal and economic headwinds, according to a new report.

Recruitment firm Morgan McKinley said demand for senior roles in artificial intelligence strategy, audit, tax and information technology leadership remained strong.

Job vacancies in the sector in the capital were 9% higher than a year ago, its research found.

Mark Astbury, Morgan McKinley director, said: ‘While the quarterly rise is modest, the more striking figure is the 9% year-on-year growth, clear evidence that London’s jobs market remains on an upward trajectory despite the ongoing impact of AI.

‘With the upcoming budget in November, many firms are still cautious, assessing whether new fiscal measures could affect workforce planning. In most cases, decisions are being delayed rather than withdrawn.’

source: PA

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