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Blame Easter for plunging job opportunities in April

20 May 2009

eFinancialCareers UK

April was not a good month to be looking for a job. Recruitment firm Morgan McKinley's latest monthly figures suggest the number of new financial services jobs on offer fell 69% compared to April 2008.

However, things may not be as bad as they seem. Morgan McKinley attributes the terrible tumble to bank holidays. In 2008 Easter was in March. In 2009 it was in April.

Unfortunately, the bank holidays don't appear to have discouraged job seekers from looking for new jobs: last month the gap between jobs and new job seekers rose to a 12 month high of 4,288. As the bottom of the two graphs below shows, that differential doesn't seem to be falling.

Morgan McKinley's job market graph

Chart 2: Surplus candidates:

Surplus candidates

Comments (5)

  • zzzzzzzz........

    max1 20 May 2009

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  • The more surplus candidates there are, the more people are unemployed and miserable = the happier I become!!

    Pinky 20 May 2009

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  • what a wonker pinky is.

    Bored 20 May 2009

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  • These charts are flawed because they are bound to be skewed by lots of traders. From any angle, traders are the ones suffering the most compared with people in advisory or other positions, especially as entire product teams are being eliminated by many financial institutions.
    I hardly know an unemployed M&A banker at the moment.

    BrownMan 20 May 2009

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  • these charts may be more startling than they appear.  bear in mind they're showing *new* candidates each month.  in this market, the actual number of TOTAL candidates is the cumulative of that.

    dd 26 May 2009

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