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Ireland – Labour market picks up as professionals jobs rise

10 October 2012

Despite fluctuations in Ireland’s recruitment market, the number of professional job opportunities increased by +6% in the three months to September when compared to levels seen a year ago, the latest Morgan McKinley Irish Employment Monitor shows today.

Professional job opportunities were up from 23,167 in Q3 2011 to 24,631 in Q3 2012.  But vacancies dropped quarter-on-quarter by -2%, the research found.

“Overall there is an emerging picture of steady improvement across the market,” said Karen O’Flaherty, chief operations officer at Morgan McKinley.

On the whole, employment prospects have improved. In September, professional jobs increased by +18% year-on year while a monthly comparison shows that job availability was up +13% from August.

“The overall number of roles coming onto the professional jobs market exceeds 2011 and this increase in September 2012 underlines the trend for improvement in the market this year,” said Ms O’Flaherty.

“We can attribute this increase to a number of factors such as the uplift in start-up businesses, increased foreign direct investment as well as sectors such as IT, manufacturing and life sciences which have all experienced growth throughout 2012.”

The data also indicates that the number of new professional job seekers entering the market rose by +1% to 10,225 year-on-year although month-on-month this dropped by -8%.

“From a job seekers’ perspective, we are aware that many professionals are engaging in a less active and more passive job hunt illustrated in the decrease in jobseekers entering the market compared to the same time last year, with a very minimal increase on August 2012,” according to Ms O’Flaherty.

“Also, with the domestic and European economies remaining fluid, emigration is still an attractive option for some and is likely to contribute to a smaller amount of jobseekers actively seeking new opportunities in Ireland. 

Mc Kinley is expecting modest hiring activity from now until the year-end although firms are still reluctant in making permanent hires. 

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