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Significant drop in banking, mortgage jobs

by Staff Reporter7 minute read
The Adviser

The demand for staff across the banking and finance sector is on the decline, the Olivier Job Index for January revealed today.

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


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