Jersey: Positive picture for employment in finance industry as job figures reach four year high

Commenting on the latest Jersey Labour Market Survey released by the States of Jersey Statistics Unit, Geoff Cook, CEO, Jersey Finance, said:

“The latest figures for employment in Jersey paint a positive picture. Whilst overall employment in the island is up by 650, jobs in the finance industry, which employs more than one fifth of all employees in Jersey, rose by 250 year on year to reach 12,820, the highest level in four years.

“The significant growth in the trust and company administration and legal sub-sectors, which combined saw a headcount increase of more than 200, as well as a rise in jobs in the accountancy sector is clearly very welcome and reflects a strong performance in those sectors, whilst rationalisation in the banking sector, which continues to be impacted by global re-structuring initiatives, is broadly in line with expectations.

“Following the latest Jersey Business Tendency Survey earlier this month, which highlighted that one third of finance firms saw a quarterly increase in employment, and with Barclays recently announcing the creation of 65 new jobs in Jersey, there is much room for optimism where employment in the finance industry is concerned.”