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Finance and Business Services sector jobs boost

Wednesday 14th July 2010

Employers in the Finance & Business Services sector are reporting the most encouraging hiring intentions of all nine UK sectors.

This is according to the latest Manpower Employment Outlook Survey, which shows that employers in the Finance & Business Services sector anticipate headcount growth over the next three months with a seasonally-adjusted net employment outlook of +7% reported for the third consecutive quarter.

The +7% outlook represents no change since last quarter, but a significant ten percentage point increase year-over-year, showing a considerable improvement in hiring intentions since the middle of the recession.

The sub-sector breakdowns also illustrate a strong return to hiring confidence.

The Finance sub-sector reports an Outlook of +7% and the Business & Professional Services sub-sector which includes accountancy, insurance and outsourcing industries reports an outlook of +5%.

Both are stronger than the national average which stands at +1%, marking its third consecutive quarter in positive hiring territory.

Mark Cahill, Managing Director at Manpower UK said: "The Finance & Business Services sector, which dominated the UK's decline into recession, has been a strong contributor in leading the country back to growth since its solid return to confident hiring prospects at the start of the year. As a business, were currently seeing real demand for change management and project management specialists particularly within the banking sector."

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Mike Jones

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Posted By Mike Shopland on Friday 16th July 2010 03:47:02
Not unsurprisingly jobs are in finance and insurance as that's where UKs money has gone to, whilst other areas e.g. public sector still has to find the savings to pay for them!

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