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Jobs Crisis As City Hiring Falls To Record Low


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#1 OnlyMe

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Posted 07 January 2013 - 08:39 AM

Chop, chop.

http://www.cityam.co...alls-record-low
http://www.cityam.co....jpg?1357542693

CITY job vacancies plunged to new lows last year as incoming regulations took their toll on financial services firms, making 2012 a worse year for job seekers than even the height of the credit crunch, recruiters Astbury Marsden revealed today.
"Asians make things and sell them to Americans, who borrow money from their suppliers (on the inflated value of their houses) in order to continue living beyond their means. Asians take their profits and either relend them to Americans...or use them to buy more productive capacity, in America and elsewhere.

For those who wonder where this trend will lead, we offer a guess: The average American will be left with a shoeshine kit and instructions on how to say 'please' and 'thank you' in Chinese...."

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#2 zugzwang

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Posted 07 January 2013 - 09:14 AM

Posted Image

zugzwang (n.) a situation where every possible move or decision is a bad one, or one that will result in damage or loss.

 

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#3 Dorkins

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Posted 07 January 2013 - 09:35 AM

Good news for London house prices.

#4 sombreroloco

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Posted 07 January 2013 - 01:02 PM

It's not enough! I want to see all the b@stard City millionaires starve in the street. Then I want the polis to beat them with a baton a call them plebs.

Edited by sombreroloco, 07 January 2013 - 01:03 PM.


#5 Gone baby gone

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Posted 07 January 2013 - 01:13 PM

Good news for London house prices.


So you would think, but I guess the people they aren't hiring are probably the same people who had 1 hour commutes in from the home counties anyway...

#6 Dorkins

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Posted 07 January 2013 - 01:15 PM

So you would think, but I guess the people they aren't hiring are probably the same people who had 1 hour commutes in from the home counties anyway...


London and home counties houses are in essentially the same market, so what affects one will affect the other e.g. if home counties houses get cheaper it will be more attractive for people to move out of London, pulling down London house prices.

#7 aSecureTenant

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Posted 07 January 2013 - 01:44 PM

Like the way its blamed on "incoming regulations" Posted Image


Yet another state industry goes the way of the coal mines and steel plants.

Edited by Secure Tenant, 07 January 2013 - 01:45 PM.

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#8 Gone baby gone

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Posted 07 January 2013 - 01:50 PM

Like the way its blamed on "incoming regulations" Posted Image


I know...

"Long term and widespread mismanagement of risk , plus outright fraud" would probably help them to sell more papers AND be closer to the reality.

#9 Chuffy Chuffnell

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Posted 07 January 2013 - 01:55 PM

From the bowler-hatted gentlemen of the 1920s to the braces-wearing spivs of the 80s to the utter c*unts of the 00s... now meet your new financial masters.

Posted Image

The real reason for unemployment and not just in this sector. More and more middle-class professions will go this way.

#10 Bloo Loo

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Posted 07 January 2013 - 01:57 PM

and yet:

http://newsletter.jo...Zu/WebView.aspx
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it





#11 Starla

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Posted 07 January 2013 - 02:01 PM

Good news for London house prices.


As a Londoner with a job, I'd like to hope so. Only spanner in the works is the average London buyer doesn't come from London, or the UK, or needs to go to work.
Tell me all about it and start at the end.

#12 ToughEgg

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Posted 07 January 2013 - 03:43 PM

The City is only a small contribtor to the london madness now. Only an annual tax on foreign owned property will give local people any chance in the London market. I fear hell will freeze over before this shower of sh*ite let this happen.

#13 winkie

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Posted 07 January 2013 - 03:51 PM


What you don't owe won't worry you.

Less can be more.

#14 Snugglybear

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Posted 07 January 2013 - 04:12 PM

Chop, chop.

http://www.cityam.co...alls-record-low
http://www.cityam.co....jpg?1357542693

CITY job vacancies plunged to new lows last year as incoming regulations took their toll on financial services firms, making 2012 a worse year for job seekers than even the height of the credit crunch, recruiters Astbury Marsden revealed today.


But surely all this talent can go abroad, where apparently they're clamouring for Britain's financial geniuses.

#15 winkie

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Posted 07 January 2013 - 04:23 PM

As a Londoner with a job, I'd like to hope so. Only spanner in the works is the average London buyer doesn't come from London, or the UK, or needs to go to work.




Very good point....our land and buildings have become one of our major tax efficient exports. :blink:

Edited by winkie, 07 January 2013 - 04:23 PM.

What you don't owe won't worry you.

Less can be more.




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