| 7.1°C Dublin

Jobs market outlook now at strongest since boom year of 2007

Close

Managers in 10 out of 11 sectors surveyed expect to hire during the next three months, the survey results show.

Managers in 10 out of 11 sectors surveyed expect to hire during the next three months, the survey results show.

/

Managers in 10 out of 11 sectors surveyed expect to hire during the next three months, the survey results show.

The outlook for the jobs market is the strongest since 2007, according to the latest Manpower Employment Outlook Survey.

Managers in 10 out of 11 sectors surveyed expect to hire during the next three months, the survey results show.

The Employment Outlook measures employers' intentions to increase or decrease employee numbers during the next quarter.

The latest shows that Irish employers are reporting a seasonally adjusted Net Employment Outlook of +12pc for the fourth quarter of 2016, the strongest reported in Ireland since Q2 of 2007.

The 'Net Employment Outlook' is calculated by subtracting the percentage of employers who plan to reduce staff the percentage that plan to hire, so a positive number shows jobs being added.

Employers in both the Restaurant and Hotels sector and the Electricity, Gas and Water sector expect the strongest level of hiring. Employers in Ulster report the strongest hiring forecast regionally.

Close

The survey is based on interviews with a representative sample of 620 employers. All survey participants were asked: "How do you anticipate total employment at your location to change in the three months to the end of the year 2016 as compared to the current quarter?"

"Brexit has been a contentious issue for many employers in Ireland but the Q4 survey suggests that employers in most sectors, despite the uncertainty surrounding Britain's exit from the EU, are still planning to up recruitment levels in the remaining quarter of 2016," said John Galvin, head of sales with recruitment agency ManpowerGroup Ireland.

Regionally the picture is mixed. Employers in Ulster are reporting the strongest hiring intentions of all provinces polled, with an outlook of +20pc, as employers expect a significant injection of employment opportunities in the final quarter of 2016. Employers in Leinster continue to anticipate very positive growth, with an outlook of +13pc, while Munster is not far behind. Employers in Connaught recorded the only negative hiring intentions.

In terms of sectors, employers across swathes of the economy expect to hire.

Business Newsletter

Read the leading stories from the world of business.

This field is required

Only the Finance and Business Services sector threw up negative hiring intentions this quarter, reflecting employers' perceived exposure to Brexit.

The overall findings suggest a continuation of current trends, which have seem unemployment dip below the European average this year to around half the rate seen in the worst years of the crash.

The number of people at work broke through the two million mark for the first time since 2008 in August. In total, there were an extra 56,200 jobs created in the economy in the year to the end of June, according to the Central Statistics Office. Employment in the period rose by 2.9pc, compared with 2.4pc in the previous quarter, and 3pc in the year to the end of June 2015.

The last time the employment figure was over two million was in the final three months of 2008. In the wake of the crash, construction was among the worst affected sectors. Now it is seeing signs of recovery. Year-on-year growth in the construction sector was up 11 percentage points and employers forecast a +8pc gain for the remaining quarter of 2016, Manpower said.


Most Watched





Privacy