More than three thousand new jobs were created in the City of London this month. That's 25% more than in March last year according to new figures.
According to the recruitment firm Astbury Marsden the rise was down to investment banks increasing their numbers of technology staff and an increase in mergers and acquisitions.
Official figures released today have shown that over 100,000 job seekers over the age of 50 have found new jobs in the last five years.
The city's jobcentres have particularly been focusing on providing back-to-work support for older workers, but the government says employers can still do more.
Londoners care less about the salary of a new job than anyone else in the country, according to a new report.
They are also the least likely to look for short term benefits like a convenient location and a pleasant atmosphere - instead favouring longer term goals like career progression.
The report by recruitment firm Randstad found that Londoners were less likely than anyone else in the country to look for:
- Competitive salary and benefits (61%)
- Job security (49%)
- A convenient location (34%)
- A pleasant working atmosphere (50%)
But were more likely than any other UK workers to seek out:
- Career progression opportunities (39%)
- Strong company values (13%)
- An organisation that promotes diversity (13%)
- A company that provides quality products and services (12%)
A shortage of skills, including a lack of students with good maths and science, is threatening the capital's position as the global hub for technology, say business experts.
The Tech London Advocates add that immigration controls are also stopping talent from outside the UK coming in. 172 of their members said they had difficulty finding employees that meet their requirements which, they say, is having a serious impact on the growth of London's technology industry.
Just 45% of London's disabled people of working age are in work and a new roadshow hopes to bosst these numbers. The Disability Confidence Roadshow will open today fronted by businessman and Falklands veteran Simon Weston.
The event is designed to increase the confidence of London's employers to recruit disabled people in the capital. Sponsored by Barclays Bank it will be attended by companies and businesses such as GlaxcoSmithKline, Morgan Chase, BP and Morgan Stanley
Mr Weston said 'What I want employers to take away from this conference is that disabled people cane be some of your best employees. We're some of the most determined workers, who go the extra mile to secure results.'
London has been accused of sucking young people away from the regions, leaving the areas to fall behind.
A report published by an independent think-tank today says the capital accounted for 80% of national private sector jobs growth between 2010 and 2012.
London's economy is missing out on skills because parents - particularly women - are poorly served by the capital's labour market, which often forces them into lower-paid, less secure part-time jobs, the London Assembly has claimed today.
A new paper from the Assembly's Economy Committee says a lack of affordable flexible childcare is also hindering parents from working in the capital. The Committee claims this represents a waste of a significant proportion of London's skilled workforce.
The Northumberland Development Project and Tottenham Hotspur's has announced the newest wave of jobs as part of the stadium regeneration programme. The first 200 jobs will be at the Sainsbury's superstore which is part of the project and will go to local people within a 3 mile radius
The club will use its unique appeal as the driving force behind ensuring this. It's just the start of employment drive through the NDP, with 65 apprenticeships already in place or due to be filled within the next 12 months.
A study has revealed that the outlook for jobs in the capital is "firmly positive" with hiring intentions in London at the best for five years.
The survey of over 2,000 UK employers found that more were planning to recruit staff in the coming months than lay workers off.
The report predicted that construction might start to climb out of the recession.
An improvement in construction jobs is vital because its performance has been a "huge drag" on the economy said Mark Cahill, managing director of Manpower who conducted the research.
The report was published ahead of the latest unemployment figures on 12th June.
"As part of the Group’s simplification programme set out in its 2011 strategic plan, the decision has been reached to close Essex House, leading to around 570 role reductions. A further c75 members of staff currently at Essex House will move to our Chelmsford location.
"As with any decision that affects our colleagues, this was a very difficult one to make. We will do everything we can to provide support for both our employees and the local community to manage this transition.
"We will work with our colleagues wherever possible to try to find suitable roles for them elsewhere within the Group."