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Banking sector feels crunch

15-10-2007

Banking sector feels crunch
The banking industry is suffering the after effects of the credit crunch, it has emerged.

According to Broadbean Technology, the number of banking jobs advertised has fallen considerably since the summer, onrec.com reports.

The company states that at the beginning of the summer 3.9 per cent of advertised online vacancies were for the banking industry, compared to 2.9 per cent in September.

Furthermore, advertised banking jobs have decreased by 19 per cent in August compared to the same month in 2006 with a general fall of 16 per cent over this summer.

The firm asserts that the employment sector has seen strong growth on the whole, with a 97 per cent rise year on year in the number of jobs advertised on the web.

Broadbean Technology adds that the online recruitment industry is continuing to grow.

Last week, ClickAJob chief executive Yngve Traberg noted: "The advantages of low-cost, quick results and the internet's incredible drawing power continue to make online recruitment one of the fastest-growing business phenomena around."

Related categories: Banking / Finance.


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