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Vacancies in the banking, technology, and science sectors are decreasing significantly

Dublin: Ireland’s banking, technology, and science job sectors have come to an end, according to a recruitment agency’s observation. The number of vacancies has returned to 2019 levels. The figures reveal a 25% reduction in overall vacancies. In May, the country’s unemployment rate fell to a record low of 3.8%.

Vacancies in the banking, technology, science, and travel sectors between March and June fell significantly compared to last year and the previous quarter, data from leading recruiting agency- Irish Jobs has revealed.

IT is ranked fourth in the job market, as per the report. According to Irish Jobs, vacancies in the IT sector are expected to decline beginning in the third quarter of 2022. Compared to last year, there was a 30 percent decrease in the second quarter. A quarter of employees in the sector (27%) are looking for a new job, the survey found. This is due to lower salaries. Catering, management, and healthcare had the most job openings in the second quarter.

Rating agencies predict that rising costs of living and inflation will continue until 2025. Orla Moran, managing director of Irish Jobs and StepStone Group, said this was having a huge impact on jobseekers. Orla Moran, on the other hand, stated that the country’s job market is strong.

A survey by consultants Accenture found that 64 percent of employees in the Irish private sector expected a pay rise. Almost one-third (30%) of businesses intend to increase their workforce this year. The survey reveals that most of the vacancies will be in the service sector, leaving the construction sector behind.

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