Financial Jobs Go Away Due to Mortgage Blues

The latest index of internet job advertisements has shown a significant decline of jobs in banking and financial services, despite an overall strong performance by the market.

The Olivier Group’s index for September shows an increase in internet ads of 3.5 per cent, but banking ads have declined by more than 10 per cent.

This is believed to be a direct result of the shaky US subprime mortgage market and rising interest rates.

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