Tuesday 21 January 2020

Number of jobs created up by a third in one year

Colm Kelpie

THE number of new jobs announced last month was up almost a third on the same period last year, a business lobby group has said.

The Irish Business and Employers Confederation (IBEC) said employment had increased by 34,000 in the first half of the year and 8,259 new jobs have been announced in the past six months.

More than 2,100 new positions were unveiled last month – up 31pc on September 2012.

But with the unemployment rate at 13.3pc, IBEC warned that any VAT, excise or PRSI increase in the Budget will hit the number of new jobs next year.

IBEC chief economist Fergal O'Brien said: "We simply cannot afford to take more money out of the domestic economy. Irish excise rates are already among the highest in Europe."

The IBEC jobs report analyses the various national employment statistics, data from IBEC surveys and job announcements to provide an overview of employment trends.

Key findings include:

* 33pc of all jobs have come from the manufacturing sector. The IT sector has been the most frequent announcer, with 15 jobs announcements totalling 1,420 positions (30pc of the total)

* Numbers in long-term unemployment fell 12.3pc on an annual basis but remain at nearly 60pc of total unemployment.

* The fastest growing sectors were the agriculture, forestry, and fishing sectors and food service activities.

"There is an evident need for government to support this nascent jobs recovery by resisting placing any further tax burden on the economy," the report stated.

Irish Independent

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