Over 35,000 Jobs Advertised in Cork Since Launch of Bank of Ireland's 'Cork Job Index'

Professional sector continues to drive recruitment demand

Bank of Ireland Business Banking today (Thursday 3 November, 2005) launched its sixth monthly 'Cork Job Index'. In that six month period over 35,000 jobs have been advertised in Cork's newspapers reflecting the high level of job creation in the city and county and the over all strength of the local economy. Six Months Ago 'The Professional sector continues to surge ahead of other sectors with regard to labour demand.Anecdotal evidence suggests that many professionals are now recruiting to meet demands for the New Year..'

The October issue of the 'Cork Job Index' shows that the Professional sector continues to be the leading sector with regard to recruitment demand with 1,309 recruitment advertisements being placed for the month of October.

In total 5,135 recruitment advertisements were placed in local newspapers in Cork in October, representing a 24% decrease on the month of September, a month which is traditionally buoyant for recruitment.

Over the past six months, the Bank of Ireland Business Banking Job Index has clearly shown that outside of Dublin, Cork is the city with the highest number of jobs in all sectors.The Index shows that Cork has three times more jobs on offer than Galway and five times more on offer than Waterford and Limerick.

Commenting on six months of the 'Cork Job Index', Kieran Coveney, Regional Business Manager, Bank of Ireland with responsibility for Cork said: 'The 'Cork Job Index' has clearly shown over the past six months the strength of the Cork economy and the demand for labour particularly in Professional, Leisure and Construction sectors.Interestingly, the Index shows that demand for labour is more evenly spread across all sectors than other urban areas suggesting that people looking for employment have greater choices open to them in Cork than anywhere else in the country.'

Continuing, he said:'The Professional sector continues to surge ahead of other sectors with regard to labour demand.Anecdotal evidence suggests that many professionals are now recruiting to meet demands for the New Year..'

Ends
3rd November2005

Anne Mathews
Media Relations Manager
Bank of Ireland Group
Tel:01 6043836 / 087 2460358

Kieran Coveney
Regional Business Manager
Bank of Ireland Cork
Tel: 021 427 4322

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