City vacancies rise as firms replace credit crisis losses

JOB vacancies at London’s financial services companies rose 7% last month as firms sought to replace workers lost during the credit crisis.

The number of openings in the City, London’s main financial district, rose to 6,048 in July from 5,645 in June, British recruitment consultant Morgan McKinley said.

The number of people looking for work fell 16% in July, according to the survey.