Regional Trends Report June 2019 – London

Regional Trends Report June 2019 – London

The London economy is highly centred around financial services, and with Brexit’s deadline quickly approaching, it is expected that the sector will be impacted severely.

Nevertheless, the city has been successfully pivoting to become a leading global hub for technology, and the digital sector is now the fastest growing of all industries.

Therefore, when we look at specific categories, in 2018 IT roles remained the dominant area of professional hiring, constituting 37% of all advertised positions, representing an increase of 25% compared to 2017.

Regional Trends Report – London

Regional Trends Report – London

Other key trends emerging include:

– Hiring in Banking for front and middle office roles is now in decline, arguably as a result of Brexit, although fintech does have a role to play in this.
– With the Technology sector growing 2.6 times faster than the rest of the economy, it is not surprising that TMT is now the largest industry in terms of professional vacancies.
– The charity sector is also one of the fastest growing in the UK. A sign of increased professionalization within the sector or a function of a greater need due to austerity?

Regional Trends Report October 2018 – London

Regional Trends Report October 2018 – London

APSCo and Vacancysoft October 2018 The London economy is approximately 17% of the UK’s total GDP and is dominated by the services sector. Indeed when analysing the total annual exports from the UK, over 40% comes from services, which is centered around London. Factor...
Vacancies return to pre referendum levels in the banking sector

Vacancies return to pre referendum levels in the banking sector

After a tough 2016 for the banking sector, this past twelve months have seen vacancies return to pre referendum levels. Indeed activity in 2017 was over 50% higher than the prior year, where this has continued since. The big question everyone is waiting on is what the...
Regional Trends Report – London

Regional Trends Report – London

Other key takeaways include:

– A central plank of the London job market is the technology sector, which was up 12.8% on 2016, with major IT companies committing to expanding within the capital.

– The immediate impact of the referendum can be seen through hiring for banking professionals, where the hiring freeze in the second half of 2016 meant that in 2017, vacancies rose by over 36%.

– When analysing by hiring companies, three of the top five are banks, with Barclays specifically increasing activity year on year significantly.