Jobs in financial services few and far between

image
image
expand image

It’s clear the Banking Royal Commission has taken a hit on the financial services industry with new results from Manpower Group’s Net Employment Outlook proving some firms just aren’t looking to expand their businesses right now.

The sector came well off its six-year high at the end of 2018, with the outlook for the sector now sitting at nine per cent for the June quarter 2019, which is down six points from the previous quarter.

Despite the drop, the firm said the positive outlook did signal that more employers in the sector expected to increase hiring levels than not.

The chart below, which indicates the net employment outlook for the sector from Q1 2008 to Q2 2019, shows levels have been steadily declining since around 2010, presumably when investors recovered from the global financial crisis.

The results below showed the employment outlook was strongest across the public administration and education sector, while the outlook was weakest among the mining and construction, transportation and utilities and retail sectors.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 7 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago