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21% fewer Irish professional job seekers than last year

Written by Robert McHugh, on 7th Sep 2016. Posted in Ireland

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The latest Morgan McKinley Irish Employment Monitor has been released today and shows that the number of professionals seeking new roles fell by 6% in August (7,214) when compared to July 2016 (7,635).

Furthermore, there were 21% fewer professionals seeking job opportunities compared to August 2015. 

The Morgan McKinley 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 monitor shows that the availability of professional job opportunities in August 2016 (11,602) fell by over 2% when compared to July 2016 (11,909).

Within Financial Services there was an increase of over 65% in professional job availability when compared with the same month last year and a 62% increase when compared with July 2016.

The Accountancy and Finance sector had 20% fewer jobs when compared to August 2015, and an almost 40% drop on July 2016, this was primarily driven by seasonal factors. There were 4% fewer IT jobs in August 2016 when compared to August 2015.

The data shows that Financial services, IT and Pharma continue to remain the most buoyant sectors. 

Chief Operations Officer at Morgan McKinley Ireland, Karen O’Flaherty commented, "The impact of Brexit on the jobs market remains  difficult to quantify. We are seeing evidence of caution, particularly among companies impacted by currency fluctuations, such as the retail sector and those Irish companies that were considering expansion to service a UK customer base.”

Source: www.businessworld.ie

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