Significant drop in banking, mortgage jobs

According to Olivier, demand for the sector fell by 1.5 per cent, seasonally adjusted, during the first month of the year.

While Olivier conceded that January and February are often slower months for recruitment, it attributed the current uncertainties in financial markets to the slowdown in the demand for staff.

The retail banking and mortgage component of the banking and finance sector took the biggest hit to demand, dropping 6.3 per cent from December 2007 and 6.8 per cent from January 2007, seasonally adjusted.

Olivier said the outlook for the industry suggests that there may not be much improvement in demand in the near future.

Published: 13-02-08

Written by Staff Reporter

Last Updated: 09 March 2022

Published: 13 February 2008