17.03.2023

A DECREASE IN THE NUMBER OF JOB ADVERTISEMENTS

A decrease in the number of advertisements for the month of February compared to a year earlier is reported by the career site "Job Tiger" in its monthly analysis of the dynamics of the labor market in the country.

At the end of February, job offers on the leading job sites were around 46,300, which was 300 more than in January, but on a year-on-year basis, there was a decline in their number - about 2,500 fewer than in February 2022, it said in the message.

There was a drop in offers in February in most sectors. The exception is "Hospitality and restaurant industry", where the active recruitment period is gradually starting. Its listings grew by 1,200, or 19 percent growth over the previous month.

Minimal growth is also recorded in the "Manufacturing" (140 offers more) and "Construction" (60 offers more) sectors, both of which saw an increase of two percent.

In other sectors, however, the number of advertisements has decreased. The biggest drop was in the "Trade and Sales" sector (450 offers less, 4 percent drop). In the January analysis, there was a large increase in listings (+4,600) in this sector.

It is followed by the sectors "IT" (320 offers less, 6 percent drop), "Marketing and advertising" (230 offers less, 14 percent drop), "Health care and pharmacy" (220 offers less, 10 percent drop), "Administrative and service activities" (190 offers less, 4 percent drop), "Logistics and transport" (40 offers less, 1 percent drop) and "Accounting, audit, finance" (30 offers by -small, 1 percent decline).

The "IT" sector recorded the biggest drop in job postings on an annual basis. It has 2,600 fewer offers than in February 2022, a drop of 34 percent.

An annual decline was also reported in the sectors "Marketing and advertising" (-14 percent), "Administrative and service activities" (-6 percent), "Hospitality and catering" (-4 percent) and "Accounting, audit, finance" (- 2 percent).

With growth on an annual basis are the sectors "Logistics and transport" (ten percent), "Trade and sales" (eight percent), "Construction" (seven percent), "Health care and pharmacy" (five percent) and "Manufacturing" (three percent).

Fewer offers were also made for working from home and/or remote work in February - five percent. Their number is 4,600 and they are nearly 260 less than in January. The main reason for their decline is the smaller number of offers in the "IT", "Administrative and service activities" and "Trade and sales" sectors. The distribution of these proposals is: 62 percent in the "IT" sector, followed by "Administrative and service activities" (14 percent), the outsourcing industry sectors (12 percent) and "Trade and sales" (6 percent).

According to the breakdown in the analysis of the career site, the total number of advertisements in the leading regional cities has decreased by two percent. The largest number of advertisements are in the capital, Dyalovo - 44 percent, followed by Plovdiv (ten percent), Varna (nine percent), Burgas (4 percent) and Ruse and Stara Zagora with three percent each.

There was a 4 percent increase in job postings for refugees – 2,300, which is six percent of all postings.