The North West region has experienced a significant rise of 19% in employment opportunities over the last quarter according to the latest NIJobs.com Job Report.
The NIJobs.com Jobs Report with Ulster Bank sees job data analysed and interpreted by Ulster Bank’s Chief Economist Richard Ramsey and is a strong indicator offering important insight at a local level about the types of jobs people are looking for and also the roles companies are keen to recruit.
The latest Job report indicates that overall job listings have dipped slightly by 7% in the third quarter however this figure conceals contrasting performances within a range of key sectors and geographical areas of Northern Ireland.
Over one-third of all employment categories posted a rise in vacancies in Q3. A number of categories that reported decreases in some parts of the province saw rises in Derry/ Londonderry.
Commenting on the latest report, Sam McIlveen, General Manager of NIJobs.com says; “It’s terrific to see jobs rise across the North West region, I believe the increase can be attributed to a variety of factors. We’ve seen this region successfully attract companies such as Convergys and Firstsource to Derry city. These global players are prolific recruiters, consistently hiring on NIJobs.com.
“Jobs in demand in Derry / Londonderry, in particular, included jobs in nursing, sales and accountancy and finance. This recent quarter saw also saw robust demand for jobs in Banking, Financial Services and Insurance with Banks such as Danske Bank, Bank of Ireland and Santander and AXA all active locally.
“It’s also worth acknowledging the work of the local councils, chambers of commerce, enterprise bodies and, of course, Invest NI who are all dedicated to supporting new and existing businesses and attracting new companies to invest in the area.”
The report compiles its data from a detailed analysis of online recruitment trends with clients. The Top three performing sectors for this quarter were; IT, Production, Manufacturing & Materials and Banking, Financial Services and Insurance.
Top three in-demand Job Sectors In Northern Ireland
- Production, Manufacturing & Materials
- Banking, Financial Services and Insurance
Ulster Bank’s Chief Economist Richard Ramsey believes that the fall in job listings does not fully reflect recruitment trends in Northern Ireland;
“Derry / Londonderry is bucking the wider trend with a notable increase in employment opportunities (+19% q/q). Over one-third of all employment categories posted a rise in vacancies in Q3. A number of employment categories that reported a decrease in job vacancies in Northern Ireland actually saw rises in Derry / Londonderry included: Nursing, Healthcare & Medical; Education, Childcare & Training; Sales; and Accountancy and Finance.
“In terms of top performers; IT remains the dominant sector accounting for more than 1 in 10 of all job vacancies. The sector saw a 7% q/q rise in Q3. It is noted that Derry / Londonderry was one area to report a marked decline in IT job vacancies (-28% q/q & -62% y/y).
“Production, Manufacturing & Materials job openings have been on an upward trajectory for the last 7 quarters. Vacancies rose by over 2% q/q and 50% y/y. Manufacturing has been enjoying the tailwind from a weak exchange rate and strong demand. This is likely to be a combination of new jobs and some replacement of EU nationals leaving the local labour market.
“Banking, Financial Services and Insurance has seen recruitment opportunities surge by two-thirds in Q3. This employment category posted the fourth highest number of job listings and the most job openings in Banking, Financial Services and Insurance, since the survey began.”
This report with its strong combination of data and expert insight demonstrates that despite a mixed sector performance, companies continue to invest in bases and local talent here.
Sam adds; “The variation in figures also reveals that in many cases recruitment is seasonal. As we head into the busiest part of 2017, I know we will see an increase in the number of jobs available in retail and hospitality as shops, bars, restaurants and hotels get ready for Christmas and New Year.
“People looking for new jobs in sectors such as IT, Banking and Insurance and Production and Manufacturing will be pleased to know that these industries are continuing to perform robustly, which is encouraging.”