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Irish professional job opportunities down 4% in July 12 Says Morgan McKinley

Irish professional job opportunities down 4% in July 12 Says Morgan McKinley

The Morgan McKinley Irish Employment Monitor recorded a month-on-month decrease of 4% in the number of new professional jobs available in July 12

There was a minimal increase (1%) in the number of professional job opportunities when compared to the same time last year

July 12 saw a 12% increase in the number of professionals entering the jobs market month-on-month

Compared to the same time last year there was a 23% increase in the number of new professional job seekers in July 12.

The latest Morgan McKinley Irish Employment Monitor registered a 4% decrease in the number of new professional job opportunities from June 12 (8,302) to July 12 (7,953). The amount of jobs available when compared to the same time last year (7,900) remained flat, rising by only 1%.

With regard to new professional job seekers entering the market, there was an increase of 12% from 10,150 in June 12 to 11,365 in July 12. There was an increase (23%) to the number of professionals seeking new career opportunities during the same month last year (9,210).

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:

“The minimal 1% rise in new job opportunities coming onto the market from July 11 to July 12 is indicative of the flat economic market. Newly released jobs decreased by 4% when compared to last month and can be largely attributed to the holiday season and an unsurprising slow down in the pace of hiring.

“Job creation is expected to continue to grow as a result of foreign direct investment, primarily in multinationals and shared services businesses that have the support of the IDA. Life sciences and ICT are the areas where skilled professionals continue to be in demand.

“A trend that is evident in today’s professional jobs market is an increase in temporary and contract opportunities (it should be noted that this report is tracking only permanent jobs). Furthermore, we have noticed that contract lengths are being extended in recent times this indicates a greater visibility and confidence from hiring managers as they are willing to commit to longer budgeting forecasts. This sentiment was also noted in a recent surveycarried out by KBC Bank Ireland/Chartered Accountants Ireland which stated that there are “indications that employment across the Irish economy may be starting to stabilise” (Mr. Austin Hughes, Chief Economist, KBC Bank Ireland).

“From a job seeker perspective, recent evidence tells us that professionals seeking new job opportunities are more motivated by the overall package being offered including the benefits. This is a positive signal in the market as it demonstrates that professionals are more considered in their long-term career prospects and do not feel pressurised to accept the first job offer.”

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