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Jobs Bulletin 16 May (#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

Jobs

  •  1.91million People now in work, an increase of 61,000 (3.3%) in Q4 2013 compared to Q4 2012
  • 3.3% Increase in employment rate in the last year
  • 11.7% Current unemployment rate (Apr 2014) down from 15.1% (Feb 2012); has dropped 22 months in row
  • 7.2% Long term unemployment rate (Q4 2013), down from 8.2% last year
  • 253,200 People unemployed (Q4 2013), from the CSO’s Quarterly National Household Survey

And:

  • 130 jobs for Antrim with The Wright Group’s dedicated facility for design and manufacture of integral vehicle chassis
  • 100s of jobs promised as Donald Trump, the new owner of Doonbeg Golf Resort Clare, to invest €45m in development
  • 11 jobs saved as Castlebar’s Connaught Telegraph is bought out of liquidation by Celtic Media Group
  • Boost for production industry as Canadian animation studio, Mercury Filmworks, to expand by opening office in Dublin
  • 15,000 new jobs could be created with abolition of milk quotas in 2015 worth €1.3bn to economy – National Dairy Council
  • IFSC could double workforce in coming years if right activities are targeted – Citigroup Europe Plc.
  • Ryanair is struggling to find staff it needs to realise big data tech vision for the future of airline flights

Research and reports

  • Government construction stimulus plan launched, 60,000 new jobs are targeted by 2020
  • Construction 2020: 75 actions to remove unnecessary obstacles to sustainable development and planning
  • Ulster Bank PMI reports: Construction staffing levels increasing at fastest rate since 2000
  • Activity increases seen in last consecutive 8 months and sharpest expansion since December 2004
  • The Daft.ie Rental Report for Q1 reports property rents up 9% on last year with 14% for Dublin city centre
  • 10,000 rental properties advertised in Dublin in the first 4 months of this year, compared with 18,000 in 2012
  • Number of companies increasing staff levels reaches highest level in 5 years – InterTrade Ireland
  • 80% of companies report stable employment levels for Q1 – retail/leisure and construction expected to improve
  • Disparity in growth: 52% of exporting firms reporting growth compared with just 31% of non-exporters
  • Bank of Ireland/Ipsos MRBI survey: 80% SMEs believe business stabilised or in growth mode; 43% recruited staff in last year, 32% planning to hire over coming year, 72% using online technologies to market business
  • Contribution of Irish SME sector to the economy lowest in Europe but Irish SMEs excel on job creation – Mazars.
  • Intrum Justitia: Half of Irish businesses have let people go as a result of a late or unpaid bill
  • Customer sentiment increases in April, position at its highest since January 2007
  • 51% of respondents feel that the Irish economy will improve in the coming year
  • Respondents expecting Irish economic conditions to worsen; fell from 24% in March to just 14% in April
  • The index rose to 87.3 in April from 83.1 in March – implying cautious improvement rather than surge
  • Eurozone growth of 0.2% much lower than expected – Eurostat
  • 18-nation eurozone grew 0.2% in first quarter of 2014, falling short of analyst forecasts for 0.4%
  • Fourth quarter 2013 was cut to 0.2% from the initially forecasted 0.3%

Education

  • Government’s Further Education and Training (FET) Strategy 2014-2019 Launched
  • Structural overhaul by Government to streamline 33 existing VECs into 16 Education and Training Boards (ETBs)
  • Strategy aims to develop world-class integrated system of further education and training in Ireland
  • Over 200,000 people will enrol in FET this year. €826m to be spent by Department of Education and Skills to support Further Education & Training provision, of which €640 million will be funded through SOLAS.

 LEADER

  • €250m funding boost for economic and rural development projects through the EU LEADER Programme
  • Countrywide for economic development, job creation, rural tourism, broadband and community jobs projects
  • Government committed to allocating 7% of Rural Development Programme to LEADER Projects, an increase on the 5% stipulated under EU rules.
  • Also comes as Government announces €1m funding for inshore fisheries development and conservation
  • Unprecedented bumper returns for business angels investing in start-ups – HBAP

Angel funding

  • Halo Business Angel Partnership has reported a 12% increase in number of investors registering with them
  • 139 deals invested in since 2007; Reports 700% returns on subsequent sales of companies invested in
  • Recent sales: Activation Energy, Storyful & 2020 Insights – Revenues increased 5.6 times since investment.
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