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How the jobs market has changed in the City

How The Job Market Has Changed In The City City Jobs In London London Is Still The Number 1 Financial Centre In The World 43% Z/Yen 2011 Global Financial Centres Index 1998 289,000 1999 313,000 %#1 2000 323,000 2001 312,000 2002 307,000 2003 317,000 43% of jobs in the City of London are in financial services and insurance 2004 325,000 2005 327,000 342,000 Jobs vs Candidates Over The Past Five Years.. 2006 2007 354,000 45,000 323,000 Northern Rock runs aground 2008 Jobs 40,000 2009 305,000 Candidates Portugal receives €80 billion bail out from EU & IMF 2010 315,000 35,000 2011 288,000 30,000 Greece receives EllO billion lifeline from EU 2012 255,000 Lehman Brothers 25,000 collapses Greece receives another €130 billion in support and writes off E107 billion in debt 2013 258,000 Ireland receives €85 billion in assistance 20,000 2014 261,000 RBS & Lloyds bailouts total £65billion There are now 2015 265,000 15,000 100,000 2016 268,000 10,000 fewer jobs compared to the pre-crunch peak 40,000 ¥ 5,000 72% reduction in new jobs created in the first quarter of 2012 than in the first quarter of 2007 The number of jobs to be created in London by 2020 as the City grows to become the global centre of foreign exchange dealing for the yuan, according to hedge fund Tosca. QI Q2 Q3 Q4 QI Q2 Q3 Q4 QI Q2 Q3 Q4 QI Q2 Q3 Q4 QI Q2 Q3 Q4 QI 2007 2008 2009 2010 2011 2012 Pay Bonuses |Tax Contribution Bonus Pool Tax Mean Average Salary 2007 £II,565,000,000 £6,222,000,000 2008 £5,332,000,000 £2,869,000,000 2009 £7,336,000,000 £3,947,000,000 2010 £6,993,000,000 £4,112,000,000 2011 £4,200,000,000 £2,487,000,000 2012 £2,200,000,000 £1,298,000,000 Taxes borne by FS sector Taxes collected by FS sector £73,802 There will be modest or no growth in Capital Markets Investment Banking profit pools over the next few years, with investment banking division revenues the least hit in the next 3 years, equities revenues basically flat, and £27.6 billion £35.4 billion Median Salary £41,772 fixed income, currencies and commodities revenues having the 'largest downside risk' Boston Consulting Group Tough Decisions and New Directions' Total Tax contribution £63.0 billion from FS sector Sources: Astbury Marsden, CEBR, BRES, PwC, Evening Standard, Boston Consulting Group Astbury Marsden www.richardscottdesign.co.uk life working CEBR FORECAST

How the jobs market has changed in the City

shared by MarkCCameron on May 31
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A snapshot of how the London 'City' jobs market has changed since the good old days before the global financial crisis

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Economy
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