The latest Morgan McKinley Ireland Employment Monitor has been released today. The 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 number of professional job vacancies available in June 2018 increased by 3.11% nationally since May. Overall, the availability of professional jobs increased by 12.3% in June 2018 compared to the same month a year ago.
There was a reduction of 3.7% in the number of professionals seeking new roles in June compared to the previous month. The monitor also recorded a decrease of 14.4% in the number of professionals actively seeking new job opportunities in June 2018, compared to June 2017. Morgan McKinley says this reflects current economic conditions and the fact that Ireland’s unemployment rate has fallen to a new low of 5.1%.
There were notable developments across Finance, Data Analytics and Cybersecurity with attention from multinationals and FDI companies increasingly focused on larger centres outside Dublin, with Cork, Galway, Limerick and Sligo already acting as growth focal points.
The monitor shows that the sectors hiring in the greatest numbers for the month of June included Healthcare, Telecommunications and Medical Devices. Data Analysts remained at the forefront of IT recruitment for June.
Morgan McKinley say there has been specific interest in specialists with exposure to Big Data frameworks such as Spark and Hadoop. From a skills perspective, hiring managers are looking for data specialists who are confident in liaising with business stakeholders in order to ensure that data is utilised effectively.
Speaking this week, Global FDI Director at Morgan McKinley Ireland, Trayc Keevans said, "As the unemployment rate now stands at 5.1%, the lowest in 15 years, competition to attract global professional talent to Ireland has never been as fierce. The task for the economy now is to see how we can create enduring stability to support all of these positive factors when there is increasing pressure on infrastructure and resources to underpin and maintain national competitiveness."