(London) City firms' confidence is sky-high as hiring rate climbs

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Confidence in the City has bounced back after the snap General Election, with the number of jobs rising 17 per cent in June compared to the same time last year, according to the new Robert Walters City Job Index.

The figures out today found that there were more roles available in the City than this time last year.

Chris Hickey, Robert Walters' chief executive for UK, Middle East and Africa, said City hiring levels were affected June last year by the European Union referendum, and this year by the General Election called by Theresa May back in April.

It is extremely encouraging to see that the number of roles has risen following the election, as has the number of jobseeking professionals, suggesting an increase in confidence among both candidates and employers.

Despite a slight rise in the number of jobseekers compared to the same time last year, up three per cent, businesses were still battling skills shortages with 1.4 roles per jobseeking candidate.

The boost on the job fronts in the City also comes at an uncertain time with Brexit looming, and question marks over potential job moves, notably among banks, out of the capital to other cities.

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