Dublin's employment rates at highest level in 20 years

Dublin's employment rates at highest level in 20 years

Employment rates in Dublin are at their highest level in 20 years.

The latest Dublin Economic Monitor shows almost 700,000 people are now employed in the capital, an increase of 33,000 in just over a year.

Tourism in the capital is up over 14%, owing to an increase in visitors from the US, Germany and China while retail sales are up 7% on the previous 12 months.

In the housing market, residential rents are now at record levels while the cost of property continues to rise, but at a slower rate.

Senior Economic Development Officer at Dublin City Council, Steven O'Gara, says the high rate of employment in the capital is down to a mix of international and indigenous companies.

"This is a hugely positive bounce back in the story of the recovery and the creation of jobs, predominantly by small and medium enterprises in the Dublin city and region," said Mr O'Gara.

"But also the international cohort of FDI [foreign direct investment] who are coming in and creating jobs. We're seeing almost continuous updates over the last couple of weeks of large scale foreign direct job creation coming into the city and region."

More on this topic

Stripe raises extra $250m for expansion pushStripe raises extra $250m for expansion push

Roche Pharma redundancies to be completed by next JuneRoche Pharma redundancies to be completed by next June

Brewer 'pours heart and soul' into creating perfect tipple to celebrate getting wedBrewer 'pours heart and soul' into creating perfect tipple to celebrate getting wed

US engineering firm to create 200 jobs as it unveils €4.5m investment in Cork officeUS engineering firm to create 200 jobs as it unveils €4.5m investment in Cork office

More in this Section

Hopes of saving Thomas Cook ‘slim’ after lengthy talksHopes of saving Thomas Cook ‘slim’ after lengthy talks

67% of  businesswomen believe it’s difficult to be female in business67% of businesswomen believe it’s difficult to be female in business

Beardsley case shows we must all play by the rules when it comes to toleranceBeardsley case shows we must all play by the rules when it comes to tolerance

Any Brexit deal is unlikely to tick all the boxesAny Brexit deal is unlikely to tick all the boxes


Lifestyle

Mulranny, in the shadow of the Nephin Beg Mountains on the north shore of Clew Bay, is a hill-walker’s paradise.Old Irish goats deserve to be nurtured

In awe of nature’s bounty on a glorious September dayIn awe of nature’s bounty on a glorious September day

Rotten by name but certainly not by nature.Islands of Ireland: Rotten to the core

There’s a revealing story well told by the writer Alice Taylor about the day a neighbour gave a present of a poached salmon to her family.Alice’s salmon of knowledge

More From The Irish Examiner