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Numbers in employment exceed pre-crisis peak

Written by Robert McHugh, on 30th Apr 2019. Posted in Ireland

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The latest figures from the Central Statistics Office (CSO) show the unemployment rate was unchanged on the previous month in April at 5.4%, and down from a revised 5.9% 12 months ago.

The seasonally adjusted number of people unemployed fell by 1,700 between March and April and by 10,200 compared to a year ago. 
 
Almost 2.3 million people were in work at the end of 2018. Ireland’s employment rate among people aged between 25 and 64 of 75.8% has exceeded the pre-crisis peak of 74.3% as well as the EU-wide average of 75.4%. 
 
Against this backdrop of rising employment, one of the occupations that has been growing the fastest is sales and customer service roles.  According to the CSO, employment in this sector increased by 9% between 2016 and 2018, much faster than overall employment growth of 5%.
 
Commenting on the figures, Economist at Indeed, Pawel Adrjan said, "The rate of unemployment was stable at 5.4% in April, but is expected to continue its downward trend through the course of the rest of the year. This will be good news for those without a job or looking to move to a new role."

He added, "It’s more challenging for companies recruiting, who will struggle to find top talent, and may find themselves under pressure to pay more to attract new recruits. Pay growth of 3.3% is forecast this year by the Central Bank of Ireland."

Source: www.businessworld.ie

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