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City jobs rise

City workers Credit: Philip Toscano/PA Wire

The number of new jobs created in the City of London increased by a third last month to more than 4,000.

New figures said the jobs boost followed strong financial results in the first quarter of the year by major US and European investment banks.

City of London jobs boost

The City of London Credit: PA

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.


Londoners most likely to sacrifice salary in job search

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%)

Talent shortage threat to London as global tech hub

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.

Growth of London's technology industry under threat Credit: ITN

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.

Disability Confident scheme has already won backing from major businesses

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 stealing youth from regions'

London accussed of sucking young people away from the regions

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.

Report: London's economy suffering because jobs market doesn't cater for parents

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.

First wave of jobs announced in Tottenham's redevelopment project

The Tottenham hotspur's stadium is part of regeneration in White Hart Lane Credit: PA

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.

Job prospects in London reach five-year high

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.

"There are more cranes on the London skyline than in the rest of the country put together, but technology, media and advertising are also fueling job prospects in the capital."

The report was published ahead of the latest unemployment figures on 12th June.

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