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Indeed economist says Irish job market is still ‘job seekers’ market as job ads remain above pre-pandemic levels (RTE)

03 August 2023

Ireland’s labour market remains a positive backdrop for job seekers with postings on job site, Indeed, 30% higher than before the pandemic, reports RTE. The rate of unemployment in July was 4.1% according to the Central Statistics Office. Economists consider an unemployment rate of 4% cent or less as tantamount to full employment. Senior economist with Indeed, Jack Kennedy said the labour market is a story of continuing strength that reflects Ireland's robust macro-economic picture.

“The latest postings from Indeed show that postings in Ireland are about 30% above the pre-pandemic base line as of the end of July, that is down from a peak of about 60% which we saw last year, but it still signals robust labour demand and certainly a more resilient picture than we are seeing in the UK where job postings have slowed to a greater extent from their peak,” Kennedy said.

Kennedy added, "It is still true when we look at the overall job postings. We're still running at an elevated level of vacancies and job postings across the Irish economy, so although we are seeing that gradual slowing in the market, it's still overall a very positive backdrop for job seekers."