Job vacancies declined by 28% year-on-year and by 7% on a quarterly basis according to the latest Jobs Index from hiring platform IrishJobs.
The data is for the third quarter of this year and shows that the IT sector experienced decreases in vacancies of 42% compared to last year and were down by 12% on the previous quarter.
Vacancies in construction, property and finance all experienced both annual and quarterly declines.
Despite the falls from last year’s highs, job vacancies in 22 of the sectors examined remain above pre-Covid levels.
The manufacturing and customer services sectors both experienced vacancy growth.
Fully remote/working-from-home vacancies saw a 4% fall in the third quarter of the year.
“Despite a slowdown in economic growth, results from the Q3 Index show us that the labour market remains strong, with an unemployment figure of approximately 4% indicating the economy is close to full employment,” said Sam Dooley, Country Director of The Stepstone Group Ireland with responsibility for IrishJobs.
“Job vacancies continue to decline this quarter in an ongoing trend following exceptional highs last year.”
“However, the levels of job vacancies in the economy remain healthy as various sectors continue to normalise, with 22 job sectors tracked in the Index sitting above pre-pandemic 2019:Q3 vacancy levels,” Mr Dooley said.