The number of job vacancies in the City of London has fallen by almost two thirds over the past 12 months, according to Morgan McKinley, the financial recruitment specialist.
Separate studies published yesterday also revealed sharp falls in graduate recruitment and online job opportunities across almost all areas of the economy.
According to Morgan McKinley, the number of new job opportunities in the City last month was 65% lower than in December 2007. But fewer people were seeking employment in the City too, with employees 'choosing to remain in their current role rather than voluntarily enter the job market'.
Even so, there were still far “fewer jobs than people looking for work”.