Financial services job rate plunges

With a worse-than-expected balance of -48%, the number of people employed in the sector plunged at the sharpest rate since March 1993. In addition, staff turnover was at the highest since December 2006 when it was first monitored. In a further sign the sector is struggling, profitability grew at the slowest pace for 18 months. But despite the weak employment and profitability figures, activity in the financial services sector grew strongly for the second quarter in a row. Of 86 respondents asked how their business volumes fared during the quarter, 50% said volumes increased whilst 23%...