Professional job opportunities increase

Employers are hiring more workers than a year ago as the number of professional job opportunities climbed by more than 5% in the last 12 months, new data shows.

The Morgan McKinley Irish Employment Monitor registered a 6% increase in the number of professional positions in the market in the first half of this year compared with the same period of 2013. Although June saw a slight decrease of 1% from the previous month in the number of such opportunities, Morgan McKinley chief operations officer, Karen O’Flaherty said this was to be expected and the data represents an upturn in the economy.

“We would typically expect a slowdown in recruitment activity coming into the summer months so the increase, albeit slight, in the number of professional jobs available on the market in June is undoubtedly a positive indicator for the economy and for job seekers,” said Ms O’Flaherty.

The 6% increase was experienced evenly across the first and second quarter of the year, with a 3% rise during both periods.

Competition for jobs remains strong, however, with a 9% increase in the number of professional job seekers in the Irish market compared to the same time last year.

The upturn in the number of job opportunities has seen additional posts in the pharmaceutical, ICT, and financial sectors, and has been aided by the improvement in the property market.

“The demand for talent remains unabated particularly within sectors such as pharma, ICT, FMCG (fast-moving consumer goods) and most areas of financial services,” said Ms O’Flaherty.

“However, the improvement in the property sector, specifically in Dublin, has had positive knock-on effects for numerous roles in many areas such as legal, office support and finance. These are further strong indicators of renewed confidence in permanent hiring,” she added.

Meanwhile, published figures which showed a 4% quarterly increase in the number of jobs advertised; representing 2% annual growth.

The report describes the increase as “remarkable” in the absence of credit growth in the economy.

Additional job advertisements were posted across all the larger markets including Galway (+22%), Dublin (+16%), Limerick (14%), Cork (14%) and Waterford (+11%).


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