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In 2008, a significant change in economic circumstances was marked by a decline in the number of cranes at work across Ireland. These cranes, once symbols of a booming construction industry, signaled the loss of many jobs as the sector nearly ground to a halt.
Globally, the construction workforce is predominantly male, with men accounting for 90% of workers in Ireland. The downturn in construction coincided with a sharp rise in male unemployment. Other male-dominated industries like manufacturing and engineering also experienced significant job losses.
Long-term unemployment adversely affects individuals and society, leading to skill and confidence loss, making re-employment more difficult. Men, often tying self-esteem to employment, can become frustrated during these periods.
The good news is that over the past 2-3 years, jobs are returning. Recruitment in construction has been growing since mid-2013, with companies seeking to fill a skills gap. New projects and increased demand for housing suggest continued growth, with sector growth expected to be around 21% in 2016.
Despite this positive trend, long-term and youth unemployment remain high. Encouraging education and re-training are crucial to improve employment prospects. Those who have upskilled are now benefiting from better jobs and wages. The recession underscored that less educated or unskilled workers are more vulnerable to job loss. Construction faces specific challenges, but overall, the employment outlook is optimistic, with male unemployment dropping from 18% in 2012 to 10.2% at the start of this year.
Opportunities exist across industries affected by recent downturns, including construction and medical devices. While vigilance is necessary to avoid past mistakes, the return of cranes signals a solid foundation for economic recovery.
I am seeking candidates in the Construction and Medical Device industries.