Lunchtime Links: Statistical confirmation that it is now substantially harder to find a new financial services job than this time last year
Statistically, it was 43% more difficult to find a new financial services job in March 2011 than it was in March 2010. In 2010, there were 1.4 new jobseekers chasing each new job; in 2011 there were 2.
Worse, in March 2011 the number of surplus new candidates over new jobs in London rose to an all time high of 6,684.
Such are the conclusions to be derived from Morgan McKinley's latest survey of the state of the London recruitment market. The usual caveats apply: Morgan McKinley mostly hires for the front office and mostly hires junior to mid-level people, but it doesn't look pretty.
And then there's this graph:
Source: Morgan McKinley's stats
Over the past decade Glencore has delivered an impressive 38% return on equity per year. (Reuters)
Senior Glencore people are not allowed in Zug for more than one day a week. (Reuters)
JP Morgan's investment bank had its second most-profitable quarter ever. (Financial News)
Accountants at PricewaterhouseCoopers have earned 322m in fees from the collapse of Lehman Brothers' European arm. (Guardian)
US Senate investigators will refer evidence about Goldman Sachs and Deutsche Bank to the justice department for possible criminal investigations. (Financial Times)
Renaissance Capital has hired Yavuz Uzay from Goldman Sachs to cover Turkish equity research. (Financial News)
China might invest $13bn in Spanish banks. (Reuters)
A top fund manager has left BlueCrest. (FinAlternatives)
1,000 economists have written to the G20 suggesting a Tobin tax. (Guardian)
Those who expect people to act selfishly, actually experience uncooperative behaviour from others more often. (MPG)
Facial features of the very rich. (DailyMail)
