Sharp drop in private sector vacancies

VACANCIES in the private sector fell from 10% to 7% in April, the lowest since August 2005 when the figures were first monitored.

Further declines in the industry, retail and services sectors, were to blame for the sharp dip.

Compared with this time last year, job vacancies in the economy have fallen 9% according to the FÁS /ESRI Employment and Vacancies Survey.