Job churn rate slows with staff 'more cautious about switching roles'

The total number of jobs created during that three month period was 124,087, an increase of 12,682 year-on-year. Picture: iStock

The job churn rate slowed toward the end of last year, compared to the same period in 2023, as employees become “more cautious about switching roles” due to “economic uncertainty or a greater focus on job stability".

Data from the Central Statistics Office (CSO) shows that the job churn between October and December stood at 377,572 — down 5.7% when compared to the same period in 2023. This equates to a job churn rate of 13.1%, compared to 14.4% the year prior.