Levels of job seekers in
banking and finance has stabilised following a credit crisis panic in October, it has been revealed.
According to figures by Joslin Rowe, despite fears of falling wages and job losses, city salaries are actually up by 10.8 per cent on last year and there has been an 8.5 per cent rise in permanent vacancies over January.
Tara Ricks, managing director of the recruitment firm, remarked: "As the panic has subsided and candidates have realised that salary levels and job vacancies are buoyant, candidate numbers have stabilised."
In October 2007, the number of people seeking jobs in banking and finance was measured at 37,825, whereas now the figure is a much more stable 30,000, she adds.
Temporary job vacancies also experienced a rise in availability, from 12,330 in December to 14,480 last month.
The average salary of a London finance worker was reported as £38,759 during January, with hourly rates for a temporary employee rising to £16.49.
According to a Robert Half survey, the salary of an
accounts assistant rose by 25 per cent last year, now standing at £19,500 on average.
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