Wednesday 26 July 2017

Job growth slows after five years on the up

The accountancy, finance and banking sectors continued to perform very strongly,
The accountancy, finance and banking sectors continued to perform very strongly,

Ellie Donnelly

Job growth in Ireland has slowed slightly in the three months to June 2017 after five years on the up, with 4pc fewer job listings than in the same period in 2016.

This is the first time that jobs listings have fallen year-on-year in 22 quarters, and follows what was a record number of jobs posted in the first three months of 2017, according to the latest Cpl Resources Employment Market Monitor.

The monitor follows job listings in IT and telecoms, science, engineering and supply, chain, sales and marketing, accountancy, finance and banking, as well as legal and HR.

Read more: Software company Zendesk to create 300 jobs in Dublin

"While this is the first time that we’ve seen a fall in jobs postings year-on-year since the start of our reporting, it is clear that companies are struggling to find the right talent and are thinking of other ways to manage their vacancies," Peter Cosgrove, director of Cpl Resources, said.

Certain sectors did perform well in the three months to June, in particular the accountancy, finance and banking sectors continued to perform very strongly, with listings in these sectors roughly one quarter higher than the 2016 average.

However, in other sectors listings fell back below their 2016 average, by between 7pc (IT, sales and marketing) and 15pc (science, engineering and supply chain).

Despite the slowdown, jobseeker sentiment has improved in the three months to June 2017.

Brexit

Interestingly the report found that two in three jobseekers do not believe that Brexit will help their chances of getting a job, a finding which is supported by previous  research from Cpl which which showed that 95pc of employers believed anti-Brexit feeling would make Ireland more attractive to top global talent.

"Overall, jobseekers could find their task more challenging," Mr Cosgrove said.

Online Editors

Search 1,000’s of jobs on IrishJobs.ie

IJ

Promoted articles

Also in Business