CPL JOB MARKET MONITOR 2015 Q3 About the CPL Employment Market Monitor:
The CPL Jobs Index – and the annual change in jobs listings – refers to the total number of employment opportunities in the following four main sectors: IT & Telecoms; Science, Engineering & Supply Chain; Sales, Marketing & Retail; and Accountancy, Finance & Banking. In 2015 Q3, there were 2,488 jobs posted in the four sectors mentioned. The Sentiment Survey was completed in full by 493 employers in August and September 2015.
IT & Telecoms
Accountancy, Finance & Banking
Sales, Marketing & Retail
Science, Engineering & Supply Chain
All (incl. Legal and HR)
LABOUR MARKET STILL POSITIVE FOR THIRD QUARTER OF 2015
Figure 1 (below) presents the CPL Jobs Index from January 2011 to September 2015. There has been a steady increase in the number of jobs posted since 2011, the base year, and this continued into Autumn 2015, although at a slower rate than in recent quarters. The average level of the CPL Jobs Index during the second quarter of 2015 was 202, similar to three months previously and a little more than twice the number of jobs posted on average in 2011. The Science, Engineering & Supply Chain segment remains at roughly four times its 2011 level (orange line). In the other three sectors –(1) Accountancy, Finance & Banking, (2) IT, and (3) Sales, Marketing & Retail, the index reading for each was close to 150, slightly higher in the former and slightly lower in the latter.
Jobs index (2011=100)
600
500
400
300
200
2015:III
2015:II
2015:I
2014:IV
2014:III
2014:II
2014:I
2013:IV
2013:III
2013:II
2013:I
2012:IV
2012:III
2012:II
2012:I
2011:IV
2011:III
2011:II
0
2011:I
100
YEAR-ON-YEAR GROWTH IN JOBS POSTED CONTINUES TO EASE
ANNUAL GROWTH IN JOBS POSTED 50%
Employers Market -2
-1
Jobseekers Market 0
1
2
30%
20%
2015 Q3
2015 Q2
2015 Q1
2014 Q4
2014 Q3
2014 Q2
2014 Q1
2013 Q4
2013 Q3
2013 Q2
2013 Q1
2012 Q4
0%
2012 Q3
10%
2012 Q2
Of the four sectors covered, the strongest growth was in IT (14%) and in Science, Engineering & Supply Chain (13%), although for the latter sector, this is the slowest growth in over three years. In Accountancy, Finance & Banking, there was only modest growth of 3% in listings. Lastly, in the Sales & Marketing segment, there was only a small increase (1%) in the number of listings, compared to a year previously.
40%
2012 Q1
Figure 2 (opposite) outlines the annual growth in the number of jobs posted, by quarter. The period from July to September 2015 marked the fifteenth successive quarter of year-on-year growth in jobs posted, since the start of the report in 2012. However, the rate of growth in Q3 2015, at just under 10%, is the slowest growth rate recorded since 2012.
GAP PERSISTS BETWEEN JOBSEEKERS AND EMPLOYERS VIEW OF THE MARKET Figure 3 (opposite) presents a measure of labour market sentiment: surveys ask both employers and jobseekers to rate, on a five-point scale, whether the market is an employer’s one (-2) or a jobseeker’s one (+2). Results for the July-September 2015 survey of employers are compared to those from a similar survey a year previously and to those from a survey of jobseekers in the second quarter of 2015.
Other
It shows a huge gap in how jobseekers and emp
