The Brexit aftermath
Job searches out of the UK spiked in the immediate aftermath of the Brexit referendum results. From the announcement of the result on the morning of Friday 24 June, job searches out of the UK doubled as a share of those searching.
The UK’s loss could be Ireland’s gain, as it tops the league of countries UK jobseekers are searching for work in. Job search for roles in Ireland rose by more than double. Job search traffic also increased from EU countries to Ireland, at the expense of usual EU to UK job search traffic.
The top searches from the UK to Ireland were for sectors including: Marketing, HR, Engineering, Transport and Retail. Searches by UK job seekers to other European countries also include roles in Hospitality andFinance sectors.
There is a striking resemblance in this trend compared to 2015’s Greek referendum: the share of Greek jobseekers looking for opportunity outside of Greece also doubled in the days following the announcement of a referendum on the European Union’s proposed bailout package in July 2015.
Mariano Mamertino, economist for EMEA at job site Indeed, said: “Last week the majority of British citizens voted to exit the European Union, but quickly thereafter many UK-based job seekers started a vote of their own: they jumped online to look for work elsewhere. Using Indeed data, we see the share of job seekers looking for opportunities outside of the UK in European countriesdoubling in the 48 hours that followed the announcement of a Brexit.”
“Most job seekers looked to the very countries of the European Union that Britain will be leaving, with Ireland attracting the most searches. But job search didn’t just stay in Europe, as UK-based job search rose 73% for the rest of the world too, to countries like the US and Australia.”
“We see a striking resemblance in post-Brexit job search patterns with those following the Greek referendum in 2015. The share of job seekers looking for opportunities outside of the UK in European countriesdoubled in the 48 hours that followed the announcement of a Brexit, just as it did for Greece.
“These could be early signs of British job seekers’ collective vote of no confidence. Given how close the EU referendum vote results were, this is perhaps unsurprising. UK employers’ loss is Ireland’s gain, with a significant spike of inbound searches from the EU countries — could Ireland overtake the UK as a leading talent magnet?