There are still more people becoming unemployed month on month, but the rate at which this is happening has slowed.
Could it be possible that the recession is reaching the bottom of its curve? Redundancies are still taking place, the list of creditors meetings continues to be fairly lengthy, but it looks like the massive slide into deep recession has reached a low point where it is forced to slow. We have seen that in the US and the UK the economies are making the first tentative steps towards growth.
Meanwhile FáS have announced that vacancies have risen by 20%. Feedback from others in the recruitment business has echoed our own assessment of the economic situation – things are looking up.
Medical and science sectors were never hit as hard as other sectors in the first place. Not that that is of any consolation to those of you who were unfortunate enough to be made redundant. The positive aspect of this is that it will take less time to make the recovery because the slide was not as deep.