City Job Vacancies - The True Picture

The Financial Times regularly features a survey of job vacancies produced by the recruitment consultants Morgan McInley. Their latest figures show that new vacancies in the City in September were 3,843, some 8% lower than the August figure of 4,158 vacancies. If you look at the way Morgan McInley reach these figures you will see that they extrapolate them from the vacancies they hold, based on the proportion of the City recruitment market they believe they have. At CareerBalance we contend that the real job market in the City is much more positive. Recruitment consultants only handle around 25% of the available jobs in the UK. This means that the true level of vacancies in the City right now is around 20,000 jobs. The hidden or unadvertised job market is alive and kicking.