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Ireland — Third consecutive month of job market growth

19 February 2010

The latest Irish Employment Monitor published by recruitment consultancy Premier Group reveals that the Irish professional jobs market saw a 15% month-on-month increase in new opportunities in January 2010 from 4,587 to 5,282 jobs. There was also a 12% increase in jobs from 4,715 to 5,282 in January 2010 compared to the same month a year ago. Job vacancies in January 2010 were higher than at any point in 2009 and showed a third consecutive month of growth, indicating a continuation of employers showing new confidence in the market.

The number of professionals entering the jobs market in January 2010 rose by 67% over December 2009 increasing from 7,560 to 12,655, reflecting the traditional return to job hunting after the Christmas holiday period. There was also a slight increase in employees' confidence to move roles indicated by the modest 6% increase in professionals looking for new jobs from 11,940 in January 2009 to 12,655 in January 2010.


Brian Murphy, Managing Director of Premier Group in Ireland comments "we are pleased to see a positive start to the year for the professional jobs market in Ireland. New job opportunities were 15% ahead of December 2009, a month which did not experience the full seasonal lull expected over the Christmas period."

"The jobs market in Ireland throughout 2009 was very challenging with a huge number of companies either making employees redundant or putting hiring plans on hold. In spite of this difficult market, we have seen a small but steady increase in job vacancies since the real low points reached in July and August 2009. January 2010 has actually seen the highest number of new jobs available in any one month since November 2008."

"Sectors that were busier in January included IT, especially at the more senior end of the market, pharmaceutical/medical devices where compliance and quality roles were particularly plentiful and supply chain positions across industry sectors with an emphasis on process improvement and the continued identification of cost efficiencies. In general, confidence in the market continues to improve and though there are still some areas that may not have quite reached the bottom of the cycle yet, most sectors are following a low but steady growth trajectory."

"The number of new professionals entering the jobs market in January 2010 saw a 67% increase over December 2009. However, when seasonal factors are taken into consideration this rise owes much to the 'new year, new job' syndrome, which often follows the December decline in recruitment activity. Also, it's important to note that many of those entering the jobs market in January 2009 were doing so on an involuntary basis as redundancies were very prevalent. In January 2010, more professionals entered the market through their own choice, encouraged by signs of improving market conditions."

To read the full Employment Monitor findings please click here

 

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