We regularly update this report to track the performance of the labour market.
Irish job postings on Indeed have strengthened and are approaching their February peak. Job postings — a real-time measure of labour market activity — were 64% above the 1 February, 2020, pre-pandemic baseline, seasonally adjusted, as of 11 November, 2022. That’s within a whisker of the 65% mark seen earlier in the year. The Irish labour market is showing considerable strength despite economic headwinds and uncertainty.
Performance across categories varies widely
We continue to see considerable variation in the strength of job posting recoveries across occupational categories. Therapy, pharmacy, personal care & home health and cleaning & sanitation job postings are furthest above pre-pandemic levels.
Chemical engineering and real estate have the weakest job posting recoveries, while two tech categories, software development and IT operations & helpdesk, are now among the laggards having seen recent slowdowns.
Dublin continues to lag rest of Ireland
Dublin’s job posting recovery continues to underperform compared with the rest of Ireland (with the latter driving more of the recent upturn in overall postings across 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.