Businesses experiencing significant skills shortage
New research reveals that Irish businesses are experiencing the worst talent shortage since 2006, with three-quarters unable to fill vacant roles. The latest survey by the Manpower Group says the skills gap increased more than five times over the past decade, jumping from 5 per cent in 2009 to 27 per cent now. The survey […]
Unemployment edges up in January – CSO
The unemployment rate rose slightly in January, according to the Central Statistics Office, but continues to fall on an annual basis. The seasonally-adjusted rate stood at 4.8% last month – up 0.1 percentage points compared to December. However it is 0.3 percentage points lower than the rate recorded in January 2019. Last month the seasonally-adjusted […]
Lending to households rises for third year in a row – Central Bank
Lending to households grew for the third year in row last year, mainly on the back of growth in home mortgages, new figures from the Central Bank show today. The Central Bank said that household lending rose by 2.1%, or by €1.9 billion, in 2019. The annual growth rate in lending to buy a home […]
Household wealth soars by 80% since 2013 on rising property prices – CSO
Household wealth has recovered by over 80% since 2013, mainly due to the recovery in the property market. The finding is contained in the Household Finance and Consumption Survey published by the Central Statistics Office today. The survey also finds a wide disparity in wealth between the top 10% and bottom 10% of households. There are 1.8 […]
Euro zone GDP falls short of expectations, inflation picks up
Euro zone economic growth was slower than expected in the last three months of 2019, a first estimate showed today. Meanwhile, inflation in January picked up in line with expectations thanks to a jump in prices of food, alcohol and tobacco and energy. The European Union’s statistics office Eurostat said gross domestic product in the […]