Our monthly London Employment Monitor was the first to break news that financial services jobs in April 2012 were at its highest in six months following the Autumn downturn post October 2011.

The Chartered Institute of Personnel and Development (CIPD)’s quarterly Labour Market Outlook survey, conducted by YouGov also reported positively about the state of the UK private employment in general, with 65 per cent of employers reporting that they were planning on hiring more staff in the second quarter.

Good news for the financial services market also continues as the Financial Times announced yesterday that Canary Wharf has overtaken the City of London as the biggest financial services centre in Europe after US bank JP Morgan transferred 8000 jobs from The Square Mile to its new European Headquarters at Bank Street.

photo credit: Where The Art Is

The shift in the balance of power along with the increasing job opportunities indicates that the city financial services market remains fruitful, but despite the pretence of recovery, the volume of available financial services roles is still down 48% on April 2011. In current fluctuating market conditions positive indicators like this don’t necessarily mean an end to a volatile hiring market.

Click here to read the full April London Employment Monitor.

London Employment Monitor April 12 Highlights

• The number of newly available financial services jobs rose by 19% from March 12 to April 12
• Compared to the same time last year, this was a fall of 48%
• The number of  professionals entering the jobs market month-on-month in April 12 rose by 10%
• This was a fall of 50% from April 11 to April 12
• The average time taken to place professionals in new jobs was 47 days down from 67 days in March 12
• The average salary for those who secured new roles in April 12 compared to those who were newly placed in March 12 was £51,347 – a rise of 2%.

City Recruitment, London Employment monitor, Morgan McKinley London employment Monitor