Business News

Survey reports continued market growth during 2016

By Business & Finance
08 December 2015
growth economy

Irish employers are expecting to grow staffing levels across all industry sectors in the first quarter of 2016 according to the latest Manpower Employment Outlook Survey.

For the first time since 2008, staffing levels are forecast to grow in all 11 industry sectors evaluated in the survey.

The pharmaceutical sector forecast is the strongest of all 11 sectors evaluated, with employers registering an employment outlook of +17%.

Employers in the agriculture, forestry and fishing sector reported the most noteworthy annual increase in employment forecast, with an employment outlook of +11% for the first quarter of 2016. This represents a fourteen percentage point increase on the same period last year and also represents the strongest outlook for the sector since 2007.

Growth in the finance and business sector, which steadily increased throughout 2015, is expected to slow down somewhat in the first quarter of 2016.

The hiring pace in Leinster has shown the strongest quarter on quarter increase in forecast employment, registering +11% on the same period last year.

Cara O’Leary, sales director, Manpower Ireland, said: “The results of our survey clearly show continued employer confidence in 2016. The see that employers across all 11 sectors surveyed plan to increase staff in the coming months for the first time in 8 years is incredibly positive news for job seekers. The pharmaceutical sector is expected to enjoy the strongest performance as demonstrated by recent job announcements from companies like Pfizer and Regeneron, which will bring a significant boost to the sector. What’s also interesting is that all provinces are reporting strong hiring intentions for the New Year, demonstrating that economic growth is spreading to all regions of the country.”