The number of vacancies climbed to 7,905 from 7,371 a year ago, with a 25 percent gain in people looking for a new role, recruitment firm Morgan McKinley in London said in a statement today. Those securing new jobs received an average salary increase of 19 percent, after a 17 percent gain in August.
The U.K. economy grew at a stronger pace than initially estimated in the second quarter, with unemployment dropping to the lowest in six years in the three months through July. With the euro-region economy stalling, people from across Europe are looking for jobs in London, according to Morgan McKinley. U.K. financial-services firms are seen adding some 28,000 jobs this year, according to the Confederation of British Industry.
"There is continued confidence within the financial- services sector," Hakan Enver, operations director at Morgan McKinley Financial Services, said in the statement. "There are tremendous opportunities for people seeking jobs in London."
London is the most attractive city for business and innovation, outranking New York, Paris and Tokyo, according to Japan's Mori Memorial Foundation's Global Power City Index. The survey covers 40 of the world's major cities and provides a ranking for the ability to attract business.
The number of people looking for jobs is driven by an increase in the number of European Union professionals "wishing to relocate to the U.K.," particularly those from France, Morgan McKinley said. The number of employees in London has increased 11 percent to 4.58 million between 2009 and 2013, it said, citing figures by the Office for National Statistics.
The number of people looking for a new job rose 19 percent to 8,837 from August, that's the largest number of professionals since March, according to Morgan McKinley.
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