Archive for January 2023

Job vacancies were down by 11% in the fourth quarter of 2022 compared to the previous year, according to a new study. The latest IrishJobs.ie Jobs Index also reveals a 13% fall in vacancies on a quarterly basis. The report describes the jobs market as “cooling” but finds that the volume of vacancies is still…

Residential property price inflation slowed further in November to a rate of 8.6%, down from 9.7% in October, according to the latest figures from the Central Statistics Office. Prices in Dublin rose by 7% on an annual basis, and fell marginally by 0.2% between October and November, while properties outside Dublin rose by 9.8%. This…

Euro zone consumer inflation decelerated as expected in December, the European Union’s statistics office Eurostat confirmed today, thanks to a continued fall in energy prices that had earlier lifted it to record highs. Eurostat said prices in the 20 countries sharing the euro fell 0.4% month-on-month for a 9.2% year-on-year rise. The annual reading is…

Minister for Transport Eamon Ryan has said “a whole range of measures” will be rolled out as part of the national strategy for electric vehicle charging infrastructure being launched today. Under the plan, €100m will be invested in a range of public charging infrastructure over the next three years. The target in the now legally…

The annual rate of inflation last month continued to moderate, according to the latest figures from the Central Statistics Office. The Consumer Price Index eased to 8.2% in December, down from 8.9% in November. The annual average rate for 2022 was 7.8%, the highest annual rate since 1984. Inflation fell slightly in December for the…

Despite economic uncertainty and the global hiring slowing down, 59% of Irish professionals are considering changing jobs in 2023 according to new research from LinkedIn. The data also shows a hiring slowdown in Ireland, down by 12.7% compared to last year. Demand for higher wages remains the biggest motivator for those looking for new opportunities…

The Pensions Authority is expected to tell the Oireachtas Committee on Social Protection today that the Government should introduce pension automatic enrolment as quickly as possible. In October, details of the new auto-enrolment scheme were approved ahead of its expected introduction in 2024. Workers aged between 23 and 60 will be automatically signed up to…

The European Central Bank must raise interest rates to a level that starts to restrict growth and their peak will depend on how the economy responds to the most rapid policy tightening cycle on record, ECB chief economist Philip Lane has told the Financial Times. The ECB has raised rates by a combined 2.5 percentage…

A number of agencies will come together to promote the north west with some of the region’s biggest employers at an event in Dublin next month. The goal of the event, which will take place on 9 February in the Westbury Hotel, is to get the message out to professionals based in Dublin and the…

Nearly 3,500 net new jobs were created by companies supported by Local Enterprise Offices (LEOs) around the country last year despite the economic challenges. In total 7,870 new roles were added over the 12 months before jobs lost were taken into account, a 10% increase on the previous year. The gains marked the ninth consecutive…