Wed, 08 Jul 2020

Irish employment increases despite Brexit uncertainty

Conor Trindle
19 Feb 2020, 02:38 GMT+10

DUBLIN, Ireland - The level of employment in Ireland increased by 65,000 in 2019, an increase of 2.9% compared to 2018.

The Labour Force Survey (LFS) data published Tuesday by the CSO confirmed that 2019 was another very good year for Ireland's labour market, with total employment increasing by 79,900 in the fourth quarter of 2019 compared to the same period in 2018.

There were 2,350,600 people employed in Ireland in the fourth quarter last year after adjusting for seasonal factors, with a seasonally adjusted employment rate of 4.7 per cent, in line with the average seen over the period 2000-2007.

"Despite a challenging year in 2019 due to Brexit uncertainty and a slowdown in international markets, I am very pleased to see today's figures which show the continued strength in our labour market. Total employment in 2019 rose by 65,000, a 2.9 per cent increase on 2018, a growth rate seen for three straight years. The level of employment grew by 1,250 per week last year. The number of people at work reached another all-time high, with 2,350,600 people in employment in the fourth quarter last year," the Minister for Finance and Public Expenditure & Reform Paschal Donohoe said Tuesday.

"Employment growth remains broad-based, with annual gains recorded in 13 out of 14 economic sectors and all 8 regions in Ireland. I am particularly pleased to see a continued decline in the unemployment rate which now stands at a level last seen before the economic crash. Separate CSO figures published last week showed total goods exports of 152 billion in 2019, the highest year on record, with exports from our food and beverage sector up 6.5 per cent over the year. Overall these data provide further proof that recent economic policies have paid dividends for households and firms throughout the country," said Donohoe.

"Ireland has faced and continues to face a highly uncertain macroeconomic situation with clear risks to our future economic growth, not least due to ongoing uncertainty associated with the future trading relationship with the UK. However we will face these challenges from a position of strength," says Finance Minister Paschal Donohoe.

(Photo credit: Reuters | Clodagh Kilcoyne).

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