Financial Jobs Increase in the Second Quarter |
25 Sep 2006 |
The financial job sector has seen 7,758 jobs created in quarter two of 2006 representing a 9% increase on the same period in 2005. The figure includes the finance and banking, pensions and insurance sectors. The Jonathan Wren/ Mandis (JWM) Index showed that despite seeing a slight decrease on quarter two 2005 figures (12%), Q2 2006 has seen over 5,200 jobs created within this sector. Within pensions and insurance, 2,480 jobs have been created in Q2 2006, representing a nine fold increase in job creation from the previous quarter and a 122% increase from Q2 2005. Finance and banking is said to have boomed in May with 3,363 jobs being created, the highest across all industries surveyed during Q2 2006. Whilst job creation figures have been strong across the financial job sector, quarterly comparison does highlight a 20% decrease. The primary cause for this is an unusually high level of activity at the start of the year where 7,276 jobs were created in January alone, rather than any indication of an industry slow down. Philip Marks, managing director of Jonathan Wren, said: “The financial job sector is a strong indicator of the state of the wider economy and the fact that we are seeing positive levels of job creation across both sectors is a healthy sign. The fact that more jobs are being created than this time last year, and on the back of such a strong start to the year, paves the way for what looks to be an exciting second half of 2006.” |
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