Indeed’s research finds that the country’s labour market is consistent, while unemployment rates are low.
Recruitment platform Indeed has published the findings of its latest ‘Labour Market Snapshot’, which explores how the Irish employment space is performing in the third quarter of the year.
The research finds that Ireland’s labour market has steadied over the course of the last few months, with new job postings comparable to an early 2020, pre-pandemic baseline.
Ireland’s labour market remains close to full employment, with the unemployment rate remaining at 5pc and the employment rate close to highs. According to Indeed’s report, this is in line with a labour market that has normalised following a period of persistently elevated labour demand post-Covid.
“Our latest data suggests Ireland’s labour market has moved into a more normalised phase following the hiring demand we have seen after the pandemic,” said Jack Kennedy, a senior economist at Indeed.
The report finds that the majority of sectors tracked sit below their pre-pandemic levels in terms of overall postings on Indeed, with the remaining 41pc sitting at or above baseline.
Postings for pharmacy, as well as cleaning and sanitation, are furthest above the February 2020 baseline, while listings for IT infrastructure, operations and support, and childcare are furthest below pre-pandemic levels.
Kennedy added, “While overall demand has stabilised, the picture varies by sector, location and occupation, with AI increasingly becoming an important factor of Ireland’s hiring landscape.”
Indeed’s research also found that the rate at which AI is being adopted in Ireland is increasing. Almost 15pc of all Irish postings to the jobs site were found to include AI-based terminology in the description, the highest among all European countries tracked by Indeed.
Corresponding rates elsewhere included 9.7pc in the UK, 5.6pc in Germany, 5pc in Italy and 3.6pc in the Netherlands. Further afield, it was 6.7pc in the US.
“AI is certainly changing the skills employers are looking for and Ireland is at the forefront of that shift. Around 15pc of Irish job postings mention AI, one of the highest shares internationally,” said Kennedy.
“We’re increasingly seeing AI create demand for new skills and roles, and that demand is spreading well beyond traditional tech jobs. The challenge is making sure people, particularly those early into their careers, have the opportunity to develop the skills employers will need as the world of work changes.”
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