The trend in Irish unemployment is continuing on its downward trajectory and is likely to mean that employers are going to find it increasingly challenging to recruit talent. This is according to new report released today by Global employment experts, Indeed.
The unemployment rate fell to 5.4% in March, down from 5.6% in February, and a revised 5.8% 12 months ago. The seasonally adjusted number of people unemployed fell by 3,400 between February and March and by 6,200 compared to a year ago.
Ireland is also drawing on inward migration to fulfill open roles with 57% of employment growth in the past year coming from non-Irish nationals, and nearly half of that coming from outside the EU.
Low unemployment and high demand from employers for staff is helping support solid growth in pay with admin/support/professional services, IT and hospitality recording the largest gains over the last 5 years, according to CSO data. Pay growth has now accelerated to around 4% per year.
A review of the top 10 jobs searched for by non-EU nationals on Indeed looking to come to Ireland shows a strong interest in opportunities in the technology sector. Tech roles accounted for six out of the ten most popular jobs, with positions for civil engineers and doctors also making the list.
For EU nationals there was a broader range of roles, perhaps reflecting the lack of visa constraints on migration from EU countries. Nonetheless technology related jobs still accounted for nine out of the top twenty most searched roles.
Given Dublin’s position as a hub for many of the world’s largest tech companies, Indeed say it is no surprise that Ireland is attracting a lot of interest from tech talent, which employers will likely welcome given the tightness of the domestic labour market.