Bad news for the City, especially if you work in human resources – new figures indicate that the Brexit spectre and general economic woes are among the causes of a fall in job vacancies in these areas.
Vacancies in HR fell 18 per cent in April on a monthly basis, the biggest decline of any of the 13 major sectors tracked by Indeed and ahead of a nine per cent decline across the UK.
Accounting fared little better, down 16 per cent while financial services and banking vacancies were down 15 per cent.
The figures also indicate an acceleration of the decline in vacancies first felt in April.
"The combination of business uncertainty about the potential impact of a Brexit, the slowdown of the economy amid global economic headwinds and a sudden increase in the wage bill for many firms has triggered a sharp cooling in the jobs market," said Indeed economist Mariano Mamertino.
Hospitality was the only industry which experienced an up tick in vacancies, which is largely down to seasonal demand heading into the summer.
On a yearly basis, HR experienced the second biggest decline, behind only education, down 20 per cent in April compared to the same month last year. That was followed again by accounting and banking, both down 19 per cent.