City job creation suffers slump

Job vacancies in the City of London fell by 8 per cent last year, revealing a “marked slump” in the number of posts being created, a report showed today.

About 54,000 jobs were offered in the City in 2011, down from 58,800 in the previous year, said recruitment firm Astbury Marsden.

Mark Cameron, chief operating officer at Astbury Marsden, said: “After starting the year on something of a hiring high, 2011 finished on a low note, with a marked slump in the number of new City jobs created.”