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Irish jobs growth remains solid

Written by Robert McHugh, on 23rd Nov 2018. Posted in Ireland

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Ulster Bank has released its latest Labour Force Survey which shows that following the creation of an additional 10,700 new jobs in the third quarter, the level of Irish employment has risen to a new all-time high of 2,265,000, some 28,000 (1.2%) above the pre-crisis peak.
 
Over the past year, the economy has added 66,700 new jobs reflecting a very robust annual pace of jobs growth of 3% year on year. There are signs of some moderation in the pace of jobs growth in the latest figures however. 
 
Ulster Bank say this suggests that the run-rate of jobs growth is perhaps downshifting from what has been a truly exceptional pace – a cooling which has also exerted a moderating influence on the annual growth rate which eased from 3.4% in the second quarter.
 
Source: www.businessworld.ie

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