Industry & Business

Irish business model leads to exceptional jobs growth in Q1

 Breaking News
  • Meetings Booker Wins Enterprise Ireland’s Pioneer Travel Tech Award Meetings Booker has been named the best product winner of Enterprise Ireland’s Pioneer Travel Tech Award, which showcases and recognizes a new wave of high performing Irish travel tech start-ups. Meetings Booker is a global leader in meeting venue discovery and online booking, with over 125,000 meeting spaces in 138 countries around the world. The company’s [...]...
  • 150 New Jobs For Galway Rent the Runway, Inc., the company that created the world’s first living, sustainable closet by enabling women to rent versus buy their clothing, has selected Galway for its first-ever international technology office. The project is supported by the Irish Government through IDA Ireland. Recognising Ireland’s significant technology talent, Rent the Runway aims to hire 150 engineers [...]...
  • Gyproc Continues Monaghan Investments With New Work at Knocknacran Following a competitive tendering process, Gyproc Ireland, which mines gypsum at Knocknacran quarry for use in its factory in Kingscourt, has announced the awarding of an important new contract to Wills Bros. Ltd.  Wills Bros are one of Ireland’s leading civil engineering contractors with experience in large scale infrastructural, industrial and earthworks projects. The contract [...]...
  • Fáilte Ireland Workshops to Commence on ‘Tasty’ New Initiative Fáilte Ireland is inviting businesses and individuals interested in providing tourists with a food or drink experience to attend workshops in their local area and find out how they can get involved in their new initiative – ‘Taste the Island – a celebration of Ireland’s food and drink’ which takes place this Autumn. See full list of [...]...
  • Robots and Artificial Intellegence Discussed at ACCA Conference in Sligo The role of robots and Artificial Intelligence in accountancy were among the discussions at the recent ACCA conference hosted by IT Sligo. The national conference gathered some of Ireland’s leading experts in finance and business to discuss the many opportunities and obstacles the industry may face in the future. The event titled “Technology & Accountancy – [...]...

Irish business model leads to exceptional jobs growth in Q1

Irish business model leads to exceptional jobs growth in Q1
May 25
09:00 2017

Ibec, the group that represents Irish business, welcomed today’s exceptionally strong jobs numbers published by the CSO as a sign of the strength and substance behind our business model and that the economy was weathering Brexit uncertainty very well. Worries that weaker than expected income tax receipts signalled a slowdown in employment growth will be assuaged by this morning’s figures.

Notably, the annual growth in employment was the largest the economy has experienced since 2007. All signals point to quality jobs being created with an 84,200 increase in full-time employment, falling underemployment and significant jobs growth in high-skill sectors such as ICT (8.8%) and in the construction sector (8.5%). The stellar jobs performance again underlines the substance of Ireland’s economic model and the pace of job creation here remains well ahead of that across the EU.

Ibec Senior Economist Gerard Brady welcomed the figures stating: “The labour market is now moving toward full employment at a rapid pace. While the CSO figures released today are to be welcomed as a sure sign of the business strength and substance behind our economic growth, we must not lose focus. Ireland’s labour force participation and total employment levels still remain low compared to European peers.

“We must have increased focus on labour market activation and removing barriers to work in areas such as childcare. Additionally, we must stand ready to address the skills gaps, emerging in key sectors. This will be key to maintaining our competitiveness as Brexit approaches. In order to achieve a renewed focus on re-skilling, it is imperative the Government commits to use the National Training Fund to support upskilling and labour market needs effectively. The employment surge also reinforces the need for greater ambition in infrastructure investment to meet the needs of the rapidly growing workforce.”

About Author

editor

editor

Related Articles

New Subscriber

Subscribe Here



Advertisements






















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4