Drop in the num­ber of new jobs across Cork

The Corkman - - NEWS - BILL BROWNE

WHILE the lat­est live regis­ter fig­ures from the Cen­tral Sta­tis­tics Of­fice have shown a steady de­cline in Cork’s dole queues, a new sur­vey has sug­gested this has lit­tle to do with the cre­ation of new jobs.

Ac­cord­ing to the CSO fig­ures for Oc­to­ber the num­ber of peo­ple sign­ing the live regis­ter across the county stood at 21,095 – a year-on-year drop of 4.044 or 16%.

While this may make for pleas­ant read­ing, ac­cord­ing the new sur­vey car­ried by web­site Ir­ishjobs.ie, Cork saw a mi­nor de­crease in new busi­ness growth dur­ing the pe­riod be­tween July and Septem­ber of this year.

While the county saw a 1% in­crease in job va­can­cies when com­pared to the third quar­ter of 2016, it recorded a 1% de­crease on the sec­ond quar­ter of this year.

The Ir­ishjobs.ie jobs in­dex showed that Cork’s growth lagged sig­nif­i­cantly be­hind other ar­eas across the coun­try, with Dublin record­ing a year-on-year in­crease of 9%, Gal­way 16% and Lim­er­ick an im­pres­sive 43%.

It is un­clear why Cork’s live regis­ter has fallen so dra­mat­i­cally when so few new jobs are be­ing created in the county. How­ever, it may a com­bi­na­tion of fac­tors in­clud­ing em­i­gra­tion, stu­dents tak­ing up higher ed­u­ca­tion and peo­ple tak­ing up places on one of the var­i­ous gov­ern­ment spon­sored em­ploy­ment schemes

Na­tion­ally the jobs in­dex saw an over­all in­crease in the num­ber of job va­can­cies, up 3% on the pre­vi­ous quar­ter, with ho­tel and ca­ter­ing, bank­ing and fi­nance, sales, technology and man­u­fac­tur­ing be­ing among the top per­form­ing sec­tors.

The gen­eral man­ager of Ir­ishjobs. ie, said that while the jobs in­dex growth at na­tional level was pos­i­tive, a num­ber of chal­lenges con­tin­ued to threaten con­tin­ued eco­nomic growth – Brexit be­ing chief among them.

“Al­though we have yet to feel the real im­pact, the spec­tre of Brexit also looms large and the slow pace of UK-EU ne­go­ti­a­tions may be lulling busi­nesses into a false sense of se­cu­rity. If the UK crashes out of the UK with­out a deal, Ire­land will bear the brunt of the dam­age,” she warned.

“A hard Brexit will likely lead to tar­iffs, taxes, bor­der checks and sup­ply chain dis­rup­tion, all of which threat­ens eco­nomic growth in Ire­land and, ul­ti­mately, job cre­ation,” she added.

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