'Upturn' in finance recruitment industry

News Article - 13 November 2007
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Finance, insurance and banking jobs have seen an increase for the first time in three months, according to the Monster Employment Index.

The recruitment company reports the industry has grown by 28 index points in October and the biggest increase was in the Midlands and Northern Ireland.

Andrea Berton, regional director for Monster Worldwide Europe, suggested the industry increase could be attributed to the new Markets in Financial Instruments Directive regulations and that more accountancy jobs would be created to handle the new procedures.

"It is highly encouraging to see the banking, finance and insurance industry bounce back so strongly from the decline it has suffered recently," she commented.

According to Monster, the upturn was due to a demand for professionals, associate professionals and technicians.

Overall, the recruitment index reports a "substantial growth" for the majority of industries in the UK although online opportunities decreased for a second consecutive month.

The Times reports that the market volatility from the credit crisis has generated trading activity despite "shaky" confidence.

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