Economic and Investment Outlook
Labour market strength remains
Unemployment rate well below pre-pandemic levels
Unemployment rate at 3.8% in June - a record low in recent
35
30
25
20
do
%
15
10
decades
0
|
T
T
2006 2008 2010 2012 2014 2016 2018 2020 2022
Unemployment rate
Source: CSO
No. of Persons
Employment growth up 12% on pre-pandemic, growth rate
slowing however
130
110
90
70
50
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2019
2020
2021
2022
2023
ICT
Industry (incl. Pharma)
Construction
Accomm & Food
- Total
Source: CSO
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Note: Unemployment rate series shown uses the Covid adjusted unemployment rate between March 2020 and Feb
2022 and the standard unemployment rate elsewhere.
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