The tech sector is proving resilient, but there has been a fall in job numbers among younger workers which needs to be watched
Google offices in Dublin's city centre: Google's parent Alphabet was one of the industry giants to cut jobs in Ireland The latest employment figures for the Irish economy from the Central Statistics Office contained some positive news. Despite a string of lay-offs in major companies, job numbers in the tech sector at 123,200 are slightly ahead of the same month last year and only 2,000 lower than they started the year.
The tech sector – measured in the CSO data as information and communications – has gone through a difficult period, with a string of redundancy announcements from major service-based players such as Google, Microsoft and Meta. The sector had over-expanded – internationally and in Ireland – and is going through a period of retrenchment. The fact that overall job numbers are holding despite this is encouraging and suggests that some of those who lost their jobs have found new employment.
Elsewhere, the figures show a slowdown in the rapid expansion in job numbers seen in recent years. The number of people at work at over 2.4 million in June was 2.6 per cent ahead of the same month last year, but the jobs total has looked to be topping out in recent months and was unchanged in June compared to May.
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