The number of jobs available in London has fallen by 20 per cent

Helen Cahill
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London Underground Staff Hold A 24 Hour Strike Over Roster Changes
The future of the London jobs market is uncertain after the Brexit vote (Source: Getty)

The number of London-based jobs available has fallen by 20 per cent since this time last year.

According to data from recruitment consultancy Morgan McKinley, there has been a four per cent month-on-month increase in the number of jobs and a four per cent increase in London professionals seeking jobs. Morgan McKinley said this was "remarkable" given the recent Brexit vote.

Read more: London jobs market fades as UK returns to pre-referendum patterns

Hakan Enver, operations director at Morgan McKinley financial services, said: "The British ethos of 'keep calm, it's business as usual' is clearly on full display in this month's numbers. Factoring in Brexit, summer breaks and the bank holiday, a four per cent increase across the board is remarkable.

"I suspect the staycation trend influenced this month's job seeker data, as more people opted to stay closer to home. This allowed more time for professionals to consider their careers and therefore register their interest with certain recruitment organisations."

Despite more people searching for jobs, recent data from the Recruitment and Employment Confederation (REC) showed that the number of appointments of permanent staff in August dropped for the fourth month in a row in London.

The REC's index score came in at 47.8 - any score below 50 signals that the pace of job creation is slowing.

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