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THE STRUCTURE OF employment growth in Ireland is changing, with employers opting for full-time instead of part-time jobs, according to a new report.
This shift is resulting in a strong boost for the retail sector. Sales have increased for nine consecutive months.
Savills’ new Ireland Retail Market in Minutes report notes that 76,000 new jobs have been added to the economy since a low point in 2012.
“We are now seeing part-time jobs being converted to full-time employment as the recovery becomes more deeply established,” Dr John McCartney, economist and research director at Savills Ireland, said.
As a result, consumer confidence and disposable incomes are improving.
McCartney said that recent jobs growth has driven consumer confidence to the highest level since the beginning of 2007:
“We see this reflected in increased sales of larger, more expensive items such as cars and furniture.”
CSO figures released earlier this week showed that almost 24,000 more new vehicles are on our roads so far this year, an increase of 30.9% compared to the same period last year.
Today’s report also touches on the retail property market, in which demand was focused ‘on prime high streets and shopping centres both in Dublin and in the main regional cities’.
“Despite stronger activity on the ground, relatively few new entrants have come to the Irish market,” chairman and Head of Commercial Division at Savills said.
Moreover, of these new arrivals, the majority are focusing on prime Dublin locations. However, as jobs growth and the housing market recovery diffuse from the main urban centres there will be a gradual improvement in regional markets.
A separate report by Morgan McKinley out this morning showed the professional vacancies in Ireland has increased in the last month and is up almost 20% since this time last year.
However, “significant differences” in salary expectations between jobseekers and employers exist.
This report also noted an increase in the number of permanent positions on offer.
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God bless retail workers it is not an easy job by any means.
“Disposable income improving ” was the phrase that rubbished this article for me. Are they kidding?
Considering the rise in retail sales growth, I don’t think it’s out of the question to say that the amount of disposable income is improving, on average. Why? Do you have figures to suggest otherwise? Would love to see them.
Still waiting for figures lads.
You only waited 13 minutes before your “Still waiting”. Have some patience. Some people have full time jobs to go to, you know!
2 hours now Neal.
And it should be a strong Christmas too. Good news.
Fergal I hope it taking the piss
Something doesn’t seem right here. All of the Sinn Fein supporters were telling me that things were getting worse and that the economic recovery is a myth.
Here we go again , earlier this year than before . The countries still in recession , no one has money to spend unless they are in a great job or doing something illegal. I work in retail , I see it . Christmas will be the same as the year before or worse thanks to this sham of a government ripping us off with another budget and then there’s water charges . So wake up people the journal and the press are writing fiction . Don’t swallow it .
Head in sand comes to mind…Ireland came out of recession last year kid…stop making excuses and go out and sell something you numpty
Sure things have never been better in this country… I’ve lost count of the mercs jags and range rovers I see everyday in Dublin 2 and Dublin 4… What is everyone else talking about… The options people have are limitless…
If they reduced VAT that would give the economy a real kick start. But then again- when Enda is in charge…
have your say