20/09/2007

Decline In Jobs Vacancies

There has been a "significant decrease" in economy-wide job vacancies in the last month, according to a report by the Economic and Social Research Institute (ESRI).

The report said that the decline had been driven by a decrease in reported vacancies in the construction and services sector.

Reported vacancies in the construction sector fell by 5% to 5% - the lowest vacancy rate in the sector since the survey began five years ago.

There was also a 8% decline in reported vacancies in the services sector, where vacancies dropped to 17%.

Reported vacancies in the industry sector also fell to 17% - a drop of 4% - while reported vacancies in the retail sector remained unchanged at 2%.

The survey also found the Net Employment Expectations indicator for all sectors fell slightly to -3%, indicating that the percentage of employers expecting a fall in employment levels in their firms over the coming months is 3% higher than those expecting an increase.

The most frequently reported vacancies, which were hard for employers to fill, included: managers, quantity surveyors, engineers, sales staff, mechanics, accountants and catering personnel.

(KMcA)

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