Public sector job advertisements fall
Though recruitment in general has been rising for three consecutive months, the latest index showed another fall in public sector appointments, which the bank said will be difficult to reverse.
Some part of the public sector are suffering quite badly, the bank found, with the number of jobs in the education sector down 44% on last year.
“The recent decentralisation proposal announced in the budget is unlikely to reverse this trend. However, such an initiative will have a positive impact on local employment, such as construction, retailing and professional services,” BoI business banking director Tom Comerford said.
The 23% fall in public sector contrast with the 5% gain in the private sector bringing the overall index to 101 points from 96 points last year.
BoI said the biggest change in the private sector was a rebound in information technology job adverts, up 66%, and the first year-on-year increase for the sector since recording of the job index began in March 2002.
Manufacturing employment was again strong, up 39% on November 2002. However, construction jobs advertised were down 3%, for the first time since early this summer.
In other sectors, retail jobs advertised were up 42% while the professional and leisure sectors were up by 10%. The strong pick-up in recruitment activity in the retail sector suggests retailers may be gearing up for a busy Christmas, BoI said
“The latest data from the world’s major economies indicate that the global recovery has now established a good deal of momentum. This is particularly the case in the United States where real GDP grew by over 8% while growth in the United Kingdom has also recovered strongly from a lull in activity in the spring. The recovery in the eurozone has lagged developments in the US and UK somewhat but the latest indications are now also turning more positive,” Mr Comerford added.
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