People looking for finance graduate jobs will be buoyed by the news that many employers are planning on increasing their staff numbers.

A new survey by the Recruitment and Employment Confederation (REC) reveals that 94 per cent of employers are not planning any further job losses, and one in five expects to add to their permanent staff over the coming year.

On a more immediate front, the survey indicates that one in ten businesses plan to hire staff within the next three months – signalling an improved confidence in the jobs market and the current economic climate.

REC’s director of research Roger Tweedy said the findings confirm the stabilisation of the labour market.

"The road to full employment will be slow but the trend of increasing employer confidence and a return to hiring is now established," he said.

"We need to avoid any kind of employment legislation that will add to employers’ costs and so hinder job opportunities."

Meanwhile the latest Office for National Statistics report shows that unemployment levels fell by 7,000 over the last quarter to reach 2.46 million.

The rate of unemployment now stands at 7.8 per cent.

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