The recruitment freeze in the City is beginning to thaw with firms cautiously hiring again after the financial crisis, according to recruiters.

Momentum gained in the employment market in June has been maintained through July, once the seasonal summer slowdown is taken into account, figures released yesterday by Morgan McKinley, a recruiter in the Square Mile, show.

New job vacancies in the financial services sector increased 20% in June from May’s levels – the highest so far this year. The number fell 7% in July from June, but it remained the second highest this year.

Financial Times