THERE HAS BEEN a 5 per cent decrease in the number of professional job opportunities available in Ireland in the past year, according to newly released figures.
The Morgan McKinley Irish Employment Monitor also noted a month-on-month fall of 12 per cent in the number of new professional jobs in May 2012.
However, May experienced a 22 per cent increase in the number of professionals entering the jobs market month-on-month (from 10,390 in April 2012 to 12,645 in May 2012), and a 39 per cent increase in the number of new professional job seekers when compared with the same period of last year.
“The current instability and turmoil within the European Union and international financial markets, in particular the focus on Greece and Spain, has certainly impacted confidence in the Irish hiring market,” said Karen O’Flaherty, Chief Operations Officer, Morgan McKinley. “This turmoil is reflected in a decrease in the number of new professional job opportunities coming onto the market as companies remain cautious about their hiring plans and indeed slow their recruiting processes to allow greater clarity to return to the markets.”
However, O’Flaherty said that the ratification by the Irish electorate of the EU Fiscal Compact Treaty was “positive” and would help to attract foreign investors.
She said that recent market sentiment had shown an increase in the number of contract and temporary roles coming onto the market – however such jobs are not reflected in the Irish Employment Monitor, which only tracks Ireland’s permanent professional jobs.
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