Friday, 06.11.2009
Fás reports rise in vacancies

A report by the state training and employment agency FÁS has said that the number of vacancies reported to it was up by 20% in the last quarter.<br /><br />FÁS said the slowdown in the rate of unemployment is partly due to greater outward migration and to young people entering education instead of the workforce.<br /><br />This latest quarterly commentary shows that the underlying rate of job losses has slowed significantly with the live register trend decelearating<br /><br />While low-skilled employees have accounted for the majority of the job losses to date, the number of professionals seeking employment or training has rised to 84% year on year<br /><br />Younger people have been the worst affected by the downturn, and this has contributed to a 60% year-on-year increase in the number of graduate seeking employment<br /><br />FÁS is warning however that the employment outlook for 2010 remains weak given the economy is expected to contract again next year