Level of new job vacancies falls by 72%

THE level of new job vacancies fell by as much as 72%, year-on-year, in August, despite a small monthly increase, according to new figures.

The latest monthly employment monitor by recruitment consultants Premier Group showed the level of vacancies/job availability in the job market here grew by 5% in August, compared with July. However, this monthly rise was the second lowest so far this year and August’s year-on-year decline was the second highest annualised decline since the survey was established in April of last year. The year-on-year vacancy decline was most pronounced in July, when a 75% dip was evident.

Premier Group managing director in Ireland Brian Murphy said the medium term vacancy outlook remains poor. “Despite a month-on-month increase in new professional job numbers in August, the hiring market was – and is – extremely contracted, particularly when compared with a year ago. Now that the holiday season is over, we hope there will be some improvement in the employment market in the next month.

However, there is still little visibility on the short-to-medium-term professional jobs market in Ireland.”


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