Irish Job Postings Through 18 March: Postings Retreat From Peak
Job postings have softened over the past four weeks but remain high.
We regularly update this report to track the pandemic’s effects on the labour market.
Irish job postings on Indeed have dipped from recent highs. Job postings — a real-time measure of labour market activity — were 59% above the 1 February, 2020, pre-pandemic baseline, seasonally adjusted, as of 18 March, 2022. That’s down from a post-pandemic peak of 65% a month ago, but still at an elevated level. Rising uncertainty following the invasion of Ukraine and the associated energy price spike have strengthened headwinds facing the Irish economy, though don’t appear to have blown strong labour demand off course as yet.
Some occupations are booming while others lag
The strength of job posting recoveries continues to vary considerably across occupations. The dental and cleaning & sanitation categories have job postings more than three times pre-pandemic levels. Pharmacy and loading & stocking postings are also well ahead of the baseline.
Conversely, certain white collar occupations have seen lacklustre recoveries. Chemical and civil engineering job postings are below pre-pandemic levels, while architecture and legal job postings are only just above the baseline.
Kildare has strongest job postings recovery
Looking at across the five largest counties by job posting volume, County Kildare leads, with job postings 96% above the baseline. Limerick has the slowest job posting recovery at 31% above the baseline.
We will continue to provide regular updates on these trends as the situation evolves. We also host the data behind the postings trends plots on Github as downloadable CSV files. Typically, the site will be updated with the latest data one day after the respective Hiring Lab tracker is published.
All figures in this blog post are the percentage change in seasonally-adjusted job postings since 1 February, 2020, using a seven-day trailing average. 1 February, 2020, is our pre-pandemic baseline. We seasonally adjust each series based on historical patterns in 2017, 2018, and 2019. Each series, including the national trend, occupational sectors, and sub-national geographies, is seasonally adjusted separately. We adopted this new methodology in January 2021.
The number of job postings on Indeed.com, whether related to paid or unpaid job solicitations, is not indicative of potential revenue or earnings of Indeed, which comprises a significant percentage of the HR Technology segment of its parent company, Recruit Holdings Co., Ltd. Job posting numbers are provided for information purposes only and should not be viewed as an indicator of performance of Indeed or Recruit. Please refer to the Recruit Holdings investor relations website and regulatory filings in Japan for more detailed information on revenue generation by Recruit’s HR Technology segment.
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.