We regularly update this report to track the pandemic’s effects on the labour market.
Irish job postings on Indeed remain elevated, with the trend remaining resilient to economic headwinds. Job postings — a real-time measure of labour market activity — were 55% above the 1 February, 2020, pre-pandemic baseline, seasonally adjusted, as of 14 October, 2022.
Performance across categories varies widely
We continue to see considerable variation in the strength of job posting recoveries across occupational categories. Pharmacy, therapy, cleaning & sanitation and personal care & home health job postings are furthest above pre-pandemic levels.
Legal and real estate have the weakest job posting recoveries, while software development is now among the laggards having seen a recent slowdown.
There has been a notable slowdown in tech hiring in recent months (reflecting global trends in the sector). Having reached over 70% above the pre-pandemic baseline in June, software development has slowed to just 16% above the baseline. The IT operations & helpdesk and information design & documentation categories have similarly lost momentum.
Dublin continues to underperform
Dublin’s job posting recovery continues to lag the rest of Ireland. Like many large urban areas, commuter footfall in Dublin remains down on pre-pandemic levels, weighing on local services that rely on their spending. The tech slowdown is also likely to have impacted more on the Dublin trend.
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 blogpost 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.