Currency market becalmed so far in 2024
by AIB Treasury Economic Research Unit
- 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.
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