Collins McNicholas has noted an increase in the number of job vacancies advertised, and in the number of job candidates registered with our company, in the first 6 months of 2015, compared with the same period last year.
There has been a 13.7% increase in the number of vacancies available, compared with the same period in 2014. We have also seen a 12.9% increase in the number of candidates that registered with us. This progress comes on the back of strong job growth in 2013 and 2014.
The encouraging rise in vacancies supports recent economic data showing steady economic growth and a declining unemployment rate. The unemployment rate for June stood at 9.7%, unchanged from May, and down from 11.4% in June 2014. A strong export sector, led by the thriving ICT, pharmaceuticals, and MedTech industries has been the driving force behind recent job creation. There has been greater demand for professionals in the biopharmaceutical, medical device and ICT sectors. Specialist and technical skills have been particularly sought after in these sectors. Multilingual skills have also been in demand and public sector recruitment has begun to rebound as well. Despite the current turmoil in the Eurozone, demand is strong in Ireland’s principal export markets, the US and UK. A resurgence in domestic demand has further supported economic growth. Progress will continue throughout the second half of 2015 and into next year. IBEC expects GDP to grow by 5.4% and unemployment to fall below 9% by year’s end.
According to General Manager Niall Murray, “we are seeing strong regional demand in the medical device and biopharmaceutical sectors as well as in software development and professional services. We anticipate this trend continuing over the next 6-12 months.”