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Jobs availability increases 50% on August 2010

LAST month saw a near 50% year-on-year increase in job availability, but a marginal decline in the number of people looking for work.

The latest monthly employment monitor from the Irish office of international recruitment specialist Morgan McKinley shows that the level of jobs on the market fell by 2% between July and August of this year.

On a month-by-month basis, the number of people looking for jobs in August was up by 19%, but down 1% when compared to the same month last year.

Morgan McKinley’s chief operations officer, Karen O’Flaherty, said: "The latest figures are as expected: August is traditionally a subdued month for the Irish professional jobs market, as many hiring managers and jobseekers take time off over the holiday period. This slowdown was also set against a backdrop of global financial volatility.

"These conditions were reflected by a slight dip in the number of new professional jobs available compared to July. However, increased momentum in the second half of the month was cause for cautious optimism."

The IT jobs market remains buoyant, with demand for IT professionals, particularly in areas such as design and development, exceeding supply in many instances. New IT markets coming onto the market last month were from a healthy mix of domestic and foreign multinationals.

"Confidence is also building within the accounting and finance market and there was an improvement in the quality and volume of job roles in August," said Ms O’Flaherty.

"There was a significant pick-up in demand for recently qualified accountants and sustained demand for qualified accountants with two to five years’ experience — particularly those with proven audit, compliance and regulatory experience. This was a strong build up to what looks to be a very positive September for this area of the hiring market."

This appeared in the printed version of the Irish Examiner Thursday, September 08, 2011

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