City jobseekers out in force as confidence in market booms

 
Tim Wallace
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THE NUMBER of City workers looking for a new job has almost doubled since last year, rocketing 92 per cent, new figures show today.

Recruiter Morgan McKinley now has 9,373 jobseekers on its books, a huge increase from the 4,884 it had a year ago.

However, over the same period the number of vacancies has risen only two per cent to 9,261.

At the same time, hiring firms have found a skills shortage in some areas, which is driving up salaries.

“A 20 per cent rise in average salaries shows we are in a buyers’ market with clients looking to offer above market basic salaries to incentivise candidates to join their business opposed to a competitor,” said Morgan McKinley operations director Hakan Enver.