Nearly 8,000 jobs created across the finance sector, according to THE JONATHAN WREN/ MANDIS INDEX

September 25 2006

The financial job sector, comprised of the finance and banking and pensions and insurance sectors, has seen 7,758 jobs created in Q2 of 2006 representing a nine per cent increase on the same period in 2005.

The Jonathan Wren/ Mandis (JWM) Index is a quarter-on-quarter comparison of the UK finance and banking and insurance and pensions sectors. In conjunction, the JWM Index figures also enable year-on-year job creation analysis by comparing the number of jobs created in each quarter of 2006 with 2005.

· Finance & Banking – Despite seeing a slight decrease on Q2 2005 figures (12 per cent), Q2 2006 has seen over 5,200 jobs created within this sector

· Pensions & Insurance – 2,480 jobs have been created in Q2 2006, representing a nine fold increase in job creation from the previous quarter and a 122 per cent increase from Q2 2005

· Quarterly Highlight – Finance and banking boomed in May with 3,363 jobs being created, the highest across all industries surveyed during Q2 2006

Whilst job creation figures have been strong across the financial job sector, quarterly comparison does highlight a 20 per cent decrease. The primary cause for this is an unusually high level of activity at the start of the year where 7,276 jobs were created in January alone, rather than any indication of an industry slow down.

Philip Marks, managing director, Jonathan Wren said: “The financial job sector is a strong indicator of the state of the wider economy and the fact that we are seeing positive levels of job creation across both sectors is a healthy sign. The fact that more jobs are being created than this time last year, and on the back of such a strong start to the year, paves the way for what looks to be an exciting second half of 2006.”

The JWM Index is the ongoing quarterly tracker of UK jobs created across the financial sector in the UK. This ‘live’ data is gathered via research during each month into the employment intentions of a representative sample of financial UK organisations, providing a key, up-to-date indicator on economic performance and confidence across this sector. The monthly study is conducted by Mandis Business Intelligence and sponsored by Jonathan Wren, the leading recruiter for the financial sector.

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