Financial sector 'looking to hire'
The public sector is facing its worst jobs outlook since the early 1990s when the UK was deep in recession, a new report warns.
Research among 2,100 employers found that the gloomy news from the public sector was offset by brighter hiring intentions in private firms.
Recruitment firm Manpower said its study found that finance, banking and business services had emerged from two years of "horrendous" cuts to be predicting new jobs.
But public sector employers had the lowest hiring intentions since the early 1990s, said Manpower.
Managing director Mark Cahill said: "We've heard a lot over the last few years about how the economy needs rebalancing. However, it seems that the sector that has been accused of getting us into the mess in the first place - finance, banking and business services - is the very sector that is leading the way into recovery.
"Some of our clients - including a number of the big high street banks - are asking Manpower to fill twice the number of positions that they were last year.
"These new jobs are not the high-rolling stereotypical bankers. They are overwhelmingly back office and support positions, which are the engine room of any large organisation.
"With the latest Government statistics showing youth unemployment running at a shocking one in five, those in the 16-25 age bracket should note that there are real opportunities within finance, banking and business services."