Saturday 21 January 2017

Don't believe the myth there is no recovery beyond the M50 - look at the facts

Published 26/05/2016 | 02:30

'Click image to enlarge'
'Click image to enlarge'

The number of people at work in Ireland grew at one of the strongest rates since the crash in the first three months of the year. Almost every region of the country is enjoying employment growth and almost every sector of the economy is contributing to the jobs expansion.

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This is all very good news. What happens in the labour market is the single most important indicator of what is happening in the Irish economy, and much more important than Ireland's increasingly dodgy GDP figures.

Although the jobs measure shows we still have a number of years to go before the economy recovers to its pre-crash peak of 2008, Tuesday's quarterly jobs report from the State's statisticians points to quite a head of steam in the recovery.

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