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Morgan McKinley - 4% rise in new Irish professional jobs compared to the same time last year

Morgan McKinley - 4% rise in new Irish professional jobs compared to the same time last year

Highlights

The Morgan McKinley Irish Employment Monitor recorded a year-on-year increase of 4% in the number of new professional jobs available in October 12.

There was a month-on-month decline of 2% in the number of professional job vacancies.

October 12 saw a 2% rise in the number of professionals entering the jobs market year-on-year.

When compared to September 12, there was a minor increase (1%) in the volume of new professional job seekers

The latest Morgan McKinley Irish Employment Monitor registered an increase of 4% in the number of new professional job opportunities from October 11 (8,353) to October 12 (8,686). The number of jobs available compared to last month (8,851) remained relatively unchanged, decreasing by 2%.

With regard to new professional job seekers entering the Irish market, there was an insignificant increase of 1% from 10,225 in September 12 to 10,295 in October 12. The number of professionals seeking new career opportunities increased by 2% compared to the same month last year, rising from 10,080 to 10,295.

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:“It is encouraging to see an uplift in professional job vacancies available compared to October 11, particularly against the backdrop of the harsh economic climate and the impending austerity budget. The monthly decline of 2% in job availability is an expected fall off from September’s figures.

“Employer sentiment remained positive throughout the month. The majority of hiring continues to come from multinationals across niche disciplines and skill sets such as software development, multilingual professionals across accountancy, sales and customer service, qualified financial advisors and those with restructuring and debt recovery experience. Hiring across the SME sector is low with many indigenous firms struggling to secure credit from financial institutions. We would hope that government initiatives like the JobBridge National Internship Scheme will continue to encourage these employers to hire interns on a full time basis.

“The Dublin Web Summit showcased a record number of IT start-up businesses and saw foreign investors come to Ireland. These and other large scale business networking events, coupled with further foreign direct investment, encourage positive sentiment for business and hiring in 2013. Anecdotal evidence suggests employers are optimistic about future hiring plans.

“Job seeker figures changed marginally but are in keeping with previously recorded October figures over the last two years. We expect to see little deviation in these figures until the New Year.”

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