Jobs forecast

Jobs forecast

FÁS and the ESRI yesterday published its Occupational Employment Forecasts 2015 report. The full report is available here. Quoting from the report, the main points were:

– Changes are likely in the sectoral and skills mix of employment.
– While employment in most occupations is expected to recover from the lows reached in 2010, the speed and the extent of recovery is likely to vary by occupation, with some occupations emerging with relatively strong employment growth and others failing to reach pre-recession levels by 2015.
– The occupations expected to exceed pre-recession peak levels are concentrated at the higher end of the skill scale. They include professionals and associate professionals (technicians) in the areas of science, engineering, business services and IT.
– Occupations which, while growing after 2010, are not anticipated to recover to 2008 peak levels, include skilled building workers, production operatives, unskilled manual workers, sales assistants and clerks.
– Combined managers/proprietors, professionals and associate professionals are expected to account for 38% of the total employment in 2015 compared to 34% in 2008 (and 31% in 1996). When these groups are combined with clerical workers, the forecasts suggest that, in 2015, 50% of workers will be in ‘white collar’ employment (up from 44% in 1996).
– The overall employment level is based on the ESRI’s latest forecasts for recovery, whereby employment in 2015 is projected to be some 80,000 below the peak level reached in 2008. However, given an estimated loss of 330,000 in employment between the 2008 peak and 2010, the projection implies that the economic recovery, which is expected to begin towards the end of this year, will generate 250,000 additional jobs between now and 2015.
– The number of females in employment is expected to exceed its pre-recession level by 2015, while male employment, although growing beyond 2010, is not expected to recover to the pre-recession level by 2015. Females are gaining share in many occupations, especially high skilled ones. By 2015, females are expected to account for more than a half of business services professionals and almost a half of all managers.
– Improvements in the educational profile are likely to continue during the forecasting period, with the share of third level graduates increasing in all occupations. By 2015, over 90% of all professionals are expected to hold a third level qualification.

Whilst all forecasting is based on certain assumptions, and the authors clearly acknowledge this, it certainly gives us plenty to work with.