Rapid pace of Irish job creation sustained into Q4 2024
This morning’s CSO release showing employee numbers up 0.2% in November, or by 2.4% on the year, to a fresh high of 2.5 million is welcome news. Ireland’s rapid pace of job creation has continued into Q4. Even if December is flat, employee numbers look set to have risen by at least 0.7% in Q4 over Q3. This message is also consistent with the CSO’s preliminary estimate of the unemployment rate, based off social welfare claimants, which fell to 4.2% in December well down from 4.5% in Q3 2024. The only fly in the ointment is the Industrial Development Agency’s recent announcement that multinational sector jobs were broadly flat in 2024 up only 0.2% to 302,566. In contrast, public sector jobs are now expanding rapidly, growing by 5% and breaking through 400,000 full-time-equivalents for the first time.
Read the weekly in full here: