The festive period typically is a time for positivity and reflection, and at Moving2Ireland, we are no different. The December edition of our Irish Jobs Market Report contains lots of positive news for the Irish workforce going forward into 2019, while also acknowledging the potential impact that Brexit may have for the Irish economy more broadly.
Despite the best efforts of many to understand and appreciate the full impact that Brexit may have in Ireland, the reality is that it is almost impossible to predict what the final deal will look like, and what Britain’s imminent departure from the European Union will mean for the Irish economy. In November we looked at the potential opportunities that could be afforded to the Irish economy in light of Brexit, but this month we are going to look at the impact that its uncertainty is having on one particular sector: small businesses.
The Small Firms Association (SFA) has predicted that small businesses will create approximately 25,000 jobs in Ireland in 2019. This positive projection points to the strength and diversity of the Irish labour market at present. That said, concerns still exist, particularly in relation to Brexit.
In its end of year statement, Sue O’Neill, Chair of the Small Firms Association had this to say about Brexit:
“The SFA urges the EU and UK Government to make every effort for a decision on the Brexit withdrawal agreement. While a no-deal outcome remains unlikely, the SFA calls on the Irish Government to step up preparedness planning by putting in additional measures to support small firms respond to such an outcome.”
The SFA has also also called on the government to create a designated national Small Business Strategy for Ireland in order to protect and expand the growth and projected growth of small businesses in the coming year.
Non-Irish playing vital role in increasing employment
Unemployment in Ireland fell to 5.3 percent in November 2018, meaning a year-on-year improvement of 1.1 percentage points from November 2017. Key to this downward unemployment trend in Ireland has been the role played by immigrants. Speaking on this further drop in unemployment, economist at global job site Indeed, Pawel Adrjan said:
“The Irish labour market tightened further last month edging closer to dropping below 5%, which hasn’t happened since September 2007, over 11 years ago. Employers will likely rely increasingly on inward migration to help fill positions: over the course of last year, almost 40% of the increase in the number of people in employment has come from non-Irish nationals.”
As we have commented on previously, proposed changes to Employment Permits and concerns over Brexit may affect these trends in the future, but for now, at least, it is clear that as Ireland’s jobs market and economy continue to grow, the demand for immigrants to fill many of these positions does so too.
New roles created across Ireland just in time for Christmas
They say that Christmas is a time for giving, and that sense of generosity was certainly on display in Ireland in December as approximately 300 new roles were announced in the weeks leading up to the Christmas break.
In Galway, Engineering software maker Mathworks has announced that it will create 85 new jobs, of which 20 will be filled now and the remainder are to come on board in 2019. Similarly, in Dublin Barclays Bank has confirmed that it will double its number of employees with 150 new staff members being added to its office throughout 2019. Finally, network intelligence firm ThousandEyes confirmed that it will expand into Ireland by opening a new Dublin office, creating 20 jobs.