Drop in the number of new jobs across Cork
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.