Wednesday, Jun 3, 2015Wednesday, Jun 3, 2015

25% jump in jobs created by London's financial services sector

Published on Mar 3, 2014 10:23 PM

LONDON (REUTERS) - London's financial services sector created 25 per cent more jobs in February than a year ago, new data showed on Monday, showing the industry may be recovering from the restructuring and redundancies prompted by the financial crisis.

After a strong January, the City hiring market showed no signs of slowing down last month, with 3,220 new jobs created, compared with 2,575 added in February 2013, according to financial services recruiter Astbury Marsden.

Job creation in the past three months was 34 per cent ahead of the same period the previous year, the figures show.

The data suggests London's banks and financial services companies are returning to growth after slashing thousands of jobs in the face of a lengthy recession and a series of industry scandals that followed the financial crisis.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!