The Irish labour market expanded at a robust pace in Q2.
At a sectoral level, the out-turn was mixed, with only half seeing an increase in Q2 versus Q1 2024.
Unemployment remains low, ticking up to 4.4% in Q2 2024 from 4.3% in Q1, with other measures of labour market ‘slack’ pointing to slightly looser conditions.
We expect this exceptional growth to cool in the coming quarters.
