This publication is categorised as a CSO Frontier Series Output. Particular care must be taken when interpreting the statistics in this release as it may use new methods which are under development and/or data sources which may be incomplete, for example new administrative data sources.
The highest job churn rate was recorded in the Administrative & Support Service Activities sector (26.6%), followed by the Accommodation & Food Service Activities sector (21.1%).
The lowest churn rate in Q2 2024 was observed in the Information & Communication sector at 6.3%, followed by the Financial, Insurance & Real Estate Activities and Industry Sectors (7.3% and 7.7% respectively).
The Accommodation & Food Service Activities sector had the highest number of hirings (50,593) and recorded the highest job churn in the quarter at 52,874.
Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles had the highest number of separations (42,659), job destructions (16,899) and stayers (369,998) of all the economics sectors in Q2 2024.
The economic sector with the highest proportion of stayers in Q2 2024 was Financial, Insurance & Real Estate Activities sector 92.5%, while the lowest proportion of stayers was in the Administrative & Support Service Activities (80.1%).
The sector that saw the highest number of job creations in Q2 2024 was the Education sector (30,616), with an increase of 4.6% (1,339) from a year earlier.
The largest year-on-year percentage increases in job creations in Q2 2024 were seen in Public Administration & Defence, where creations were up 124.8 % to 7,309 and Human Health & Social Work Activities 41.5 % to 17,043
The largest year-on-year percentage decreases in job creations in Q2 2024 were in Financial, Insurance & Real Estate Activities down 26.2% to 5,439 and Transporting & Storage, down 25.7% to 4,522.
The economic sector that saw the highest number of people who left their primary employment but remained in the same sector in Q2 2024 was Accommodation & Food Service Activities, where 15.3% of separations were working in the same sector in the next quarter.
In the Public Administration & Defence sector, close to one out of every three primary employment separations were employed in a different economic sector in the next quarter – the highest proportion of all economic sectors in Q2 2024.
The firm size with the highest job churn rate in Q2 2024 was the 50-249 employee group, where the job churn was 15.4%, down from 16.8% in Q2 2023.
The firm size with the lowest job churn rate in Q2 2024 was the 1-9 employee group, where the job churn rate was 5.8%, down from 6.1% in Q2 2023.
In Q2 2024 all firm size groups observed a decrease in job churn rate when compared with Q2 2023. The largest decrease was seen in firms of 250+ employees, down 2.0 percentage points from a job churn rate of 12.9% to 10.9%.
Firms with 49 or fewer employees accounted for over 40% of all job creations in Q2 2024 (73,978 out of a total of 175,612), down from a year ago when firms of this size made up over (48.7%) of job creations (82,805 out of a total of 169,992).
Looking at job destructions, firms with up to 49 employees accounted for 63.4% of all job destructions in Q2 2024 (53,716 out of a total of 84,662). This is an increase on Q2 2023, when firms of this size were made up 57.5% of job destructions (49,007 of 85,294).
The group of enterprises that made up the largest amount of destructions by firm size was the 1 to 9 Employees group. This group made up 41.5% of destructions in Q2 2024 (35,099 of 84,662), up from 38.1% of all destructions 12 months ago (32,518 of 85,294).
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