The latest third quarter Jobs Index from e-recruitment platform, IrishJobs.ie, shows that Ireland’s employment market experienced a 56% increase in job vacancies for the period of July to September.
Despite the challenging economic environment, a number of sectors have experienced year-on-year and quarter-on-quarter growth. Amongst the most resilient sectors are IT (up 83% QoQ), construction and property (up 42%), engineering and utilities (up 29%), Pharma (up 26%) and medicine and healthcare (up 10%).
Other sectors to experience relatively small declines in year-on-year terms and strong quarter-on-quarter growth include marketing (up 220% QoQ), retail and wholesaling (up 102%), manufacturing and production (up 30% QoQ) and education and childcare (up 147% QoQ).
Not surprisingly, the third quarter data suggests the tourism and hospitality sector has endured substantial year-on-year decreases, however, as Covid restrictions were gradually lifted in the summer months, it has recorded strong quarter-on-quarter growth in the third quarter.
Hotel and catering is up 460% on the second quarter but down 73% year-on-year. Tourism, travel and airlines are up 75% quarter-on-quarter but down 90% year-on-year. Beauty, haircare, leisure and sport are up 419% quarter-on-quarter but are down 34% year-on-year.
In light of Covid-19 restrictions, Irish employers and employees have been forced to quickly adapt to working remotely. Tellingly, this trend is reflected in the third quarter Jobs Index location data with remote working roles up 112% quarter-on-quarter and 1264% year-on-year.
Dublin (up 57% QoQ), Cork (up 36% QoQ), Limerick (up 76% QoQ) and Galway (75% QoQ) have all seen strong third quarter growth as the economy has reopened and found a semblance of normality in recent months.
Commenting on the data, IrishJobs.ie General Manager, Orla Moran said, "2020 has proven to be an extremely challenging and uncertain year for Irish business. The impact of the Covid-19 has undermined some industries more than others; hospitality and tourism businesses continue to fight to remain viable and grapple with planning for very uncertain short and long-term futures. Meanwhile, other high value export-led industries including IT, health, pharmaceuticals and engineering have all experienced compelling year-on-year and quarter-on-quarter growth."
She added, "On Tuesday, we will see the Government publish details of its 2021 Budget. The Budget is expected to build on the strategic goals of the July Stimulus Plan and prioritise job creation and job retention across the board. It is hoped that it will get Ireland back on the path to having ‘safe’ national finances again. It is important that the Government recognises the very real challenge facing many indigenous businesses across Ireland and acts swiftly in bringing in new supports that can enable SMEs meet the unenviable task of planning for an uncertain future."