Labour market solid as private sector jobs hit ‘all time high’

IT, hospitality and engineering lead the recruitment table says
IT, hospitality and engineering lead the recruitment table says

Vacancies across the private sector including in construction are on the rise according to a report today from online recruiter

Published in the wake of positive labour statistics from govrnment agency NISRA, the Jobs Report with Ulster Bank reveals that the majority of job categories on its site experienced a growth in vacancies in the second quarter of this year

“The figures for private sector at an all-time high are particularly interesting, sitting at 6% above its pre-downturn peak of 2008,” general manager Sam McIlveen.

“Our Q2 figures support this, indicating that the majority of categories are recording growth and job vacancies are in fact 1.4% higher than a year ago.”

The five top performing categories in the second quarter of 2017 were IT, hospitality, engineering, sales and nursing, healthcare and medical, accounting for 40% of all roles available.

“We are also seeing jobs in the construction sector continue to rise with the number of jobs advertised up almost 6% in April, May and June and 12% year -on -year with quantity surveyors, site managers, project managers and civil engineers most in demand,” he added.

“It is very encouraging to see growth in the private sector, no doubt partly due to the important role that Invest NI and others play in funding and investing in start-ups here.”

The report data is compiled from a detailed analysis of online recruitment trends with clients.

Many recognised companies have had strong recruitment drives in Q2 including; Moy Park, Terex, Almac, Dunbia, CDE Global, Citi, PwC, EY, Capita and Concentrix .

The report also highlights a rise in searches for part time jobs, with well over a quarter of a million searches recorded in the last 12 months.

“Official statistics reveal that more people in the UK wanted to work fewer hours and receive less pay than those who wanted to do the opposite,” said Ulster Bank chief economist Richard Ramsey.

“A shorter working week / part-time employment is certainly popular with job seekers on the site. With pay rises in many sectors not keeping up with inflation, more people will place a higher value on their own leisure time.”

Overall Ramsey believes that the Northern Ireland jobs market remains buoyant and has also highlighted areas to watch in the coming quarters;

“Retail and Hospitality are areas to watch in the coming quarters. The extent, to which this weakness from the domestic market will be counter-balanced by Northern Ireland’s booming tourism sector, remains to be seen.”