Jobs Bulletin 4 July (#allaboutjobs)

This Bulletin is part of the Government’s Year for Jobs Campaign, aimed at increasing awareness of what is being done in Ireland to create jobs & tackle unemployment. On Twitter, follow @yearforjobs or hashtag any of your announcements with #allaboutjobs

  •  1.89million People now in work, an increase of 42,700 (2.3 %) in the year to Q1 2014 compared to Q1 2013
  • 2.3% Increase in employment in the last year
  • 11.6% Current unemployment rate (June 2014) down from 15.1% (Feb 2012)
  • 7.3% Long term unemployment rate (Q1 2014), down from 8.4% this time last year
  • 258,100 People unemployed (Q1 2014), down from 292,000 for Q1 2013 from the CSO’s QNHS
  • CSO: Unemployment rate 11.6% as June see monthly decrease of 4,400, lowest level since April 2009
  • There were 398,813 people on the Live Register in June 2014 representing an annual decrease of 36,544
  • Long term claimants for June 2014 were 188,858 giving an overall annual decrease of 8,650 (-4.4%)
  • Casual and part-time workers decreased by 11,761 (-13.3%)in year to June
  • Euro area unemployment stable for second consecutive month at 11.6% - recovery & job creation slow – Eurostat
  • 100s of jobs promised for Limerick as ticket marketplace opens international operations centre
  • 100 additional staff can be accommodated at new Zendesk European HQ (Dublin) officially opened this week
  • 250 jobs for Belfast with new service centre for international business recruitment firm Alexander Mann Solutions
  • Almost 500 jobs announced for financial software firm First Derivatives Down (Newry)
  • Examinership process helped save 1,204 jobs in the first half of 2014 - Hughes Blake Examinership SME Index 2014
Government scheme to help small businesses trade online – Applications now open After successful pilot project, firms invited to apply for online vouchers to get businesses trading online. Government vouchers, up to €2,500, available through the Local Enterprise Office network. Results from companies on the Dublin pilot: 70% of companies saw more customer inquiries, 55% have had more sales & 60% expect to need to recruit with 12 months

Positive growth indicators

  • Service exports up year-on-year in Q1, and GDP and GNP see growth in Q1 - CSO
  • Service exports up 5% (€1.1bn) compared to Q1 2013.
  • Investment grew in Q1 driven by construction activity
  • Industry, Other Services and Distribution, transport, software & communications all saw increases in Q1
  • In fact, Ireland’s services sector grew at fastest rate in 7 years in June – Investec PMI
  • Also this week, Ireland’s GDP up 2.7% in quarter 1 - GNP increased by 0.5% over the same period
  • Manufacturing expands for 13th month in a row - strongest since February 2011 (Investec PMI)
  • 36% reported a rise in new business, linked to improving economic conditions and higher new export orders
  • High demand from abroad has lead rate of growth in new export orders to rise to the highest level in 3 years
  • Also, new car sales up 24% for first half of 2014 with almost 66,000 cars sold – hitting highest level since 200
  • Three-quarters of tech firms hiring on the back of thriving exports, revenues and climbing confidence....
  • Over 100,000 employed in Ireland’s tech sector in over 1,000 multinationals, start-ups & SMEs, according to Irish Software Association
  • Indigenous sector accounts for annual revenues of over €1.8bn; majority of companies based in north Leinster
  • Challenges still faced by the sector include financing issues and skills shortages
  • Also, company start-ups up 14% in 1st half of 2014 –construction up 39% and real estate up 32%

Ireland to get fastest broadband in Europe, as ESB & Vodafone invest €450m in 100% fibre broadband network. Utility of existing electric infrastructure nationwide to deploy fibre directly reaching 500,000 premises in 50 towns. 100% fibre broadband will transform the internet experience of SMEs, remote workers and consumers. ComReg shows 43% of fixed broadband customers in Ireland receive speeds less than 10 Mbps3


SME payment delays are getting longer according to ISME Credit Watch Survey Average payment period in Q2 increased from 60 to 63 days; 28% experiencing delays of 28+ days, Q1 was 25%. 80% have credit terms dictated by larger business; 84% favour mandatory 30 day payments regime, no opt-out





No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Friday, 19 July 2019
If you'd like to register, please fill in the username, password and name fields.

Member Login

Business Insights & Tips


Jill Holtz
1878 Points
Tena Glaser
1386 Points
Michael Lane
802 Points
Ron Immink
732 Points
Fionan Murray
719 Points
View Leaderboard