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 (25.6%), followed by the Accommodation & Food Service Activities sector (22.7%).
The lowest churn rate in Q3 2024 was observed in the Information & Communication sector at 7.4%, followed by the Industry Sectors and Financial, Insurance & Real Estate Activities, (8.0% and 8.4% respectively).
The Accommodation & Food Service Activities sector had the highest number of hirings (47,164) and recorded the highest job churn in the quarter at 58,858.
Education had the highest number of separations (42,975) and job destructions (24,174) but Wholesale & Retail Trade: Repair of Motor Vehicles & Motorcycles had the highest number of stayers (372,072) of all the economics sectors in Q3 2024.
The economic sector with the highest proportion of stayers in Q3 2024 was Industry (92.7%), while the lowest proportion of stayers was Administrative & Support Service Activities (80.9%).
The sector that saw the highest number of job creations in Q3 2024 was the Accommodation & Food Services sector (17,735), with an increase of 3.1% (538) from a year earlier.
The largest year-on-year percentage increases in job creations in Q3 2024 were seen in Information & Communication, where creations were up 33.7% to 7,222 and Administrative & Support Service Activities up 33.4% to 12,789.
The largest year-on-year percentage decreases in job creations in Q3 2024 were in Services down 35.2% to 68 and Wholesale & Retail Trade: Repair of Motor Vehicles & Motorcycles down 2.5% to 16,361. Note: Due to the relatively low size of the sector, the Services sector can experience volatile changes year on year.
The economic sector that saw the highest number of people who left their primary employment but remained in the same sector in Q3 2024 was Accommodation & Food Service Activities, where 17.1% of separations were working in the same sector in the next quarter.
In the Financial, insurance and real estate activities sector, over one in four (26.7%) primary employment separations were employed in a different economic sector in the next quarter – the highest proportion of all economic sectors in Q3 2024.
The firm size with the highest job churn rate in Q3 2024 was the 50-249 employee group, where the job churn was 16.2%, down from 17.9% in Q3 2023.
The firm size with the lowest job churn rate in Q3 2024 was the 1-9 employee group, where the job churn rate was 6.6%, down from 6.8% in Q3 2023.
In Q3 2024 all firm size groups observed a decrease in the job churn rate when compared with Q3 2023. The largest decrease was seen in firms of 50-249 employees, down 1.7 percentage points from a job churn rate of 17.9% to 16.2%.
Firms with 49 or fewer employees accounted for 48.9% of all job creations in Q3 2024 (69,755), up from a year ago when firms of this size made up 46.9% of job creations (61,448).
Looking at job destructions, firms with up to 49 employees accounted for 63.7% of all job destructions in Q3 2024 (76,221). This is a decrease on Q3 2023, when firms of this size were made up of 66.4% of job destructions (67,979).
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 35.6% of destructions in Q3 2024 (42,624), down from 40.6% of all destructions 12 months ago (41,520).
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.