City job demand surges

THE number of people available for work in the City of London hit a fiveyear high in 2022.

There was a 36pc rise in jobseekers for the City’s financial services sector year-on-year – the highest level since 2017. Vacancies were 16pc up on 2021, according to recruitment consultants Morgan McKinley. Pay packets also fattened with the average salary increase for someone moving from one company to another standing at 22pc.

But the number of jobseekers in the fourth quarter of 2022 fell 23pc on the previous three- month period, while vacancies dropped 8pc.