City hiring falls in November

Tim Wallace
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VACANCIES in the City hit their lowest November level since the start of the credit crunch, according to figures published yesterday by recruiters Astbury Marsden.

Analysts said the government must slow down its banking reforms if it wants to stop the slump.

Just 1,790 City jobs were created last month – well below the 3,700 seen in the aftermath of the collapse of Lehman Brothers in November 2008. That is down on the 2,730 created in October, dealing a major blow to hopes that the long fall in City jobs was coming to an end.