Coronavirus and Irish Job Postings Through June 12: Data from Indeed.ie
Job postings remain severely down on last year but gap narrows slightly amid pick-up in new vacancies.
This post is updated as of 12 June 2020. We will continue to update these trends regularly as we track how coronavirus impacts the global labour market.
Job postings on Indeed Ireland continue to run well below last year’s trend as the impact of Covid-19 continues to be felt on the labour market. But the gap narrowed a little in the latest week, to -53% as of 12 June from -56% a week earlier.
Driving the uptick was an improved trend in the flow of new job postings (those on Indeed Ireland for seven days or less). The gap in trend for new postings narrowed from -64% to -50% last week.
Security, engineering, architecture and construction jobs see strongest weekly gains
Looking at week-to-week movements in hiring trends gives an insight into which sectors are bouncing back as the economy reopens. Security & public safety saw the largest improvement during the latest week, closing the gap by 14.6 percentage points on last year’s trend.
Civil and electrical engineering also showed strong improvements in the latest week, as did architecture and construction. The reopening of the construction sector was permitted in mid-May, supporting increased opportunities in these areas.
Conversely, nursing saw the biggest weakening in its hiring trend. Nursing has been one of the categories where hiring has held up best during the crisis, but recruitment in that category may now be easing off.
To measure the trends in total job postings, we calculated the 7-day moving average of the number of job postings on Indeed Ireland. We indexed each day’s 7-day moving average to the start of that year (1 February 2020 = 100 for 2020 data, and so on), or another date if specified on the chart.
For each country we report how the trend in total job postings this year differs from last year, in order to focus on the recent changes in labour market conditions due to COVID-19. For example: if job postings for a country increased 30% from 1 February 2019 to 12 June 2019, but only 20% from 1 February 2020 to 12 June 2020, then the index would have risen from 100 to 130 in 2019 and 100 to 120 in 2020. The year-to-date trend in job postings would therefore be down 7.7% on 12 June (120 is 7.7% below 130) in 2020 relative to 2019.
Information is based on publicly available information on the Indeed Ireland website (and other countries named in this post), limited to Ireland (and those countries), is not a projection of future events, and includes both paid and unpaid job solicitations.
Jack is an Economist on the Indeed Hiring Lab who focuses on the UK/Ireland labour market. Before joining Indeed, Jack was a senior economist at Nationwide Building Society and prior to that at global information provider IHS Markit. He holds an MSc in finance and economic policy from SOAS, University of London and a BSc in economics and finance from the University of York.