Jobs boost good news for graduates - graduate jobs

Graduates seeking a career in the financial and IT services will be happy to hear that the sectors are experiencing an increase in jobs.

Recruitment specialist Harvey Nash said the re-energised job market is boosting its profits, confirming that pre-tax profits rose from £1.8m last year to £2.6m.

A number of new positions for IT specialists have been created after the merging of banks required different computer systems to become compatible.

Tougher regulations within the financial sector has also resulted in new jobs, as more companies are recruiting risk specialists.

Harvey Nash chief executive Albert Ellis said: "Things are looking better. We have seen an improvement in jobs in the City.

"Companies are employing more permanent staff and the added regulation means companies need specialists to deal with that.

"Jobs in tech are also picking up and things seem to be improving."

Despite a rise in profits, revenue for Harvey Nash dropped, which Ellis attributed to a fall in the number of contract staff being employed.

He added: "There is less activity with contracts but on the whole things are picking up."

However, he warned that the recovery could stall if the government hiked taxes in the financial services sector.

Ellis said: "The government has to be very careful not to overstep the mark and attack the City because of the huge contribution it makes. To raise taxes would be a very bad idea with a fragile economy."