PREMIER GROUP IRISH EMPLOYMENT MONITOR - JUNE 2009 “Monitoring the pulse of the Irish professional jobs market”
Irish professional jobs market sees decrease in new job vacancies in June 09
Highlights
- The number of new professional job vacancies in the Irish jobs market during June 09 fell 11% compared with the previous month (May 09); its lowest level so far
this year - This was also a drop of 72% in new job opportunities versus the same month the previous year (June 08)
- The number of Irish professionals who began their search for a new role during June 09 increased slightly versus May 09, registering an increase of 6%
- Compared to a year ago (June 08), the number of new candidates entering the professional jobs market was down 47%.
Rate of decline in job volumes levels off during first half of 2009 During June 09, there were 72% fewer new Irish professional job vacancies compared with the same month the previous year (June 08) as the lack of visibility within the employment market and the economy continued to slow recruitment activity. Figures from the third Premier Group Irish Employment Monitor also showed an 11% fall in new roles versus May 09, ending three consecutive months of minor growth. However, when comparing new job figures for the first half of 2009 to the latter half of 2008, there has been a definite levelling off in the rate of decline. There was a 6% increase in the number of Irish professionals who began their search for a new role during June 09 compared with May 09, amid more redundancy announcements and a tighter jobs market. However, there were still 47% fewer new jobseekers than there were during the same month the previous year (June 08). Brian Murphy, Managing Director of Premier Group in Ireland comments: “The Irish professional jobs market deteriorated further during June 09 as many organisations continued to put their recruitment plans on hold as they try to gain more visibility on the health of the Irish economy. While it’s certainly disappointing to see three months of mild growth come to an end, the general jobs trend for the first half of 2009 is slightly more positive; the rate of decline within the professional jobs market has effectively levelled off. During the second half of last year, the Irish market experienced a huge decline in new job numbers however, during the first half of this year, despite remaining at extremely suppressed levels, they have stayed relatively steady from month to month. “At present, it’s evident that jobseekers in Ireland are facing one of the toughest periods for employment in many years. The recruitment market is so delicate that it’s impossible to make any solid forecasts other than that the next few months are unlikely to get any easier. We’re entering the typically slow summer season, which is likely to prompt more volatility to the flow of new jobs coming onto the market.” Chart: New jobs v. new candidates
- ENDS - Notes to editors
Further press information: Allira Carroll
PR Executive
Premier Group
Tel: +353 212426094
Email: acarroll@premiergroup.ie About the Premier Group Irish Employment Monitor The Premier Group Irish Employment Monitor measures the pulse of the Irish professional jobs market by tracking the number of new job vacancies and new candidates within the Republic of Ireland each month. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards. Statistical methodology Monthly new jobs and new candidates
Monthly new jobs and new candidate figures are based on Premier Group’s own monthly records of new permanent job vacancies and new candidates registering with the firm for permanent employment. Statistics for the full market are derived using Premier Group’s own market share. Job classification
Job vacancies are professional level roles within the following sectors and functions; Banking & Financial Services, Commerce & Industry finance, Insurance, Public Practice & Tax, Legal, HR, IT, Life Sciences, Engineering, Process & Manufacturing, Professional Services, Sales & Marketing, Customer Service, Secretarial & Office Support. Geography
The data is based on new job vacancies and new candidates registered with Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford. About Premier Group Premier Group is Ireland's leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland. http://www.premiergroup.ie/ Morgan McKinley London Employment Monitor Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month. Visit http://www.morganmckinley.co.uk/ for details |