Financial services employment climbs in second quarter

Financial services employment climbs in second quarter

The number of jobs in the financial and insurance services sector increased in the second quarter of 2016, according to research by specialist recruitment firm Robert Half.

The research cites data from the Australian Bureau of Statistics (ABS) revealing there was an increase of 2,300 roles across financial and insurance services between March and May 2016.

Compared to 12 months ago, there has been an increase of 10 per cent, representing an additional 41,000 roles, a statement from the firm said.

The ABS figures also reveal a slight uptick in roles across financial and insurance services compared with the downward trend experienced in the last quarter.

Robert Half Asia Pacific's senior managing director, David Jones, said employment trends in the financial services sector are in line with the current volatility being experienced in the broader market.

“This is not surprising given the overall easing in employment growth in Australia for the first half of 2016,” Mr Jones said.

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“The rise in part-time work is usually a sign of employers’ uncertainty about the strength of current demand, or [worry] about a softening demand in the future.”

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