reports increase in vacancies for IT and financial sectors

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Ireland’s IT sector, financial support sectors, and pharmaceutical sectors have all seen increases in job vacancies, according to a quarterly index report by jobs site

The website’s second annual quarterly report recorded positive growth year-on-year for most sectors, with the exception of two, which recorded decreases.

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The science, pharmaceutical and food sector experienced a quarterly decline of 17pc. However, its year-on-year jobs vacancy rate was up by 76pc, thanks to demand for scientists’ expertise during the pandemic.

According to the report, the quarterly decrease can be attributed to “the industry reaching production capacity for Covid vaccine-related products rather than an underlying structural issue.”

Elsewhere, the export-orientated production, manufacturing and materials sector reported a year-on-year increase of 45pc, and a slight quarterly decline of 2pc. The sector remains 27pc below pre-Covid job vacancy levels posted this time two years ago.

There was, however, very good news for the IT and financial and business support sectors, which are continuing to grow.

IT job vacancies have grown by 11pc this quarter, and the sector is the third fastest growing after the hotel and catering and healthcare sectors.

A range of financial and business support sectors have all seen increases in job vacancies, suggesting pent-up demand for talent during lockdown is transforming into active recruitment.

Vacancies in accountancy and finance have increased by 136pc. Banking, financial services and insurance job openings have increased by 119pc, and marketing vacancies have increased by 293pc.

The total quarterly increase across all 30 sectors measured by the index amounted to 40pc, or 157pc in year-on-year terms.

Orla Moran, general manager, said the news was very positive: “For those who are considering a career change or career progression, the jobs market has never been more amenable. The continued growth in job vacancies provides increased choice and flexibility for those who are seeking new roles, and in turn, we are likely to experience a booming employee market as the economy continues to reopen and recover.

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