Employment in Irish economy surges to new high of 2.6m despite price squeeze

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Employment in Irish economy surges to new high of 2.6m despite price squeeze
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The employment rate for females was 69.2%, the highest level since the CSO series began in 1998, while the unemployment rate for females (at 3.8%) was at its lowest level.

The Irish economy continues to perform strongly in the face of domestic and international headwinds.

The economic sectors that saw the largest year-on-year growth in employment were the administrative and support service activities sector, which increased by 10,700 or 10.5 per cent followed by the wholesale and retail trade However, there were decreases in employment in the agriculture, forestry and fishing sector and the transportation and storage sector .

The strong employment numbers coincided with a steep decline in unemployment, which fell to 4.1 per cent , the lowest level since 2005, and a level that economists suggest is close to full employment.The overall participation rate – a key metric – stood at 64.9 per cent in the first quarter, slightly up from a year earlier. The participation rate for men was 70.6 per cent compared with 59.5 per cent for women.

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