Finance jobs recovering off low base
Further evidence has emerged of the degree to which financial services sector employment growth is beginning to recover.
The latest Olivier job index, released this week, has confirmed the findings of other surveys which suggest that while jobs growth has returned to the financial services industry, it remains relatively modest when compared to some other sectors.
The index revealed that a 2.8 per cent seasonally-adjusted increase in jobs in the financial services sector, while promising, is nearly 60 per cent below the levels of a year ago.
However, the Olivier analysis said what had become clear from the latest index was that while sectors such as health care, education and the public sector had been relatively unaffected by the global financial crisis, they had also exhibited little improvement in terms of jobs growth.
It said this compared to areas that had been hard hit, such as banking and financial services, which now appeared to be recovering best.
“[It] is entirely logical that they’ve fallen the most so are working from a lower base and have the greatest up-side potential,” the analysis said.
AUTHOR
Mike Taylor
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