Welcome to the Moving2Ireland Jobs Market Report for October, 2019.
October means cooler temperatures, shorter nights and more time spent indoors. However, despite the day-to-day changes brought about by the changing of the seasons, not everything in Ireland is so different at this time of year. This is especially true as we look closely at the Irish economy for September.
Ireland’s unemployment rate in September was 5.3 percent – the same rate as the revised figures for June, July and August. The seasonally adjusted number of persons unemployed was 126,900 in September, a decline of 600 from August’s 127,500. When compared to September 2018, there was an annual decrease of 7,500 from 134,400. Finally, unemployment rate for persons aged 15-24 years was 14.8 percent in September, also remaining unchanged from August.
But what does that mean for Irish workers and those looking to move or return to the Emerald Isle for a new job or career opportunity? Let’s find out.
Ireland’s unemployment rate: September 2019
Irish tourism sector continues to prosper but challenges remain
Job site experts Indeed have recently pointed to the healthy state of the Irish tourism and hospitality sector. Indeed’s data shows that demand for workers in the tourism industry in Ireland has increased by 7 percent in the past four years, with tourism-related roles accounting for 8,056 job postings per million in 2019, up from 6,547 job postings per million in 2016.
However, despite these positive trends Indeed does note that challenges around attracting skilled professionals still exists for many employers in this sector. According to Indeed, the number of job postings in the sector is currently 21 percent higher than the equivalent searches, and as Ireland approaches full employment, it may become increasingly difficult to fill these roles.
EY announce 600 jobs in six cities across Ireland
There was good news for the Irish jobs market last month as the professional services firm EY announced the creation of 600 new jobs in six cities on both sides of the border. The new positions which are due to be filled by October 2020 at the latest will offer openings in Dublin, Belfast, Cork, Limerick, Galway and Waterford.
The creation of the 600 new jobs will bring EY’s workforce in Ireland to just shy of 3,700, with the new roles set to be filled by no later than October 2020. 237 new experienced hire roles will be advertised and filled by the end of EY’s current financial year in June 2020, while a further 363 roles will be filled by university graduates to start no later than October 2020.
The new openings will be across the EY platform including opportunities in Emerging Technology, Data Analytics, IT Advisory, Risk, Cyber, Digital Strategy, Programme Management, Organisational Change Management, Organisational Design, Audit and Accounting, Fraud Investigation, Tax and Corporate Finance.
Speaking at the new jobs announcement, Taoiseach (Prime Minister) Leo Varadkar had this to say:
“These are highly-skilled jobs that will be created across six cities over the next year. It’s super that more than half of the jobs will go to new graduates, providing young people with a great start to their career straight out of college.”
Despite the dark Brexit clouds looming, it is very positive to see multinational companies like EY continue to invest in the Irish workforce. Perhaps this is an indication that despite the ongoing uncertainty regarding Brexit, Ireland’s economy may be in a position to withstand the fallout if and when it occurs.