IDA in second year of record job growth

IDA Ireland has reported its second consecutive year of record job creation; largely driven by the lowest level of job losses among client firms in over a decade.

The agency said yesterday — via its end-of-year review — that 2012 saw a gross total of 12,722 jobs created through its client companies. While this figure was marginally down on the 13,381 reported for 2011, the more relevant net job creation figure of 6,570 was up by nearly 11% on the 5,934 figure from the previous year.

The net jobs figure is a record for the IDA and was driven by a significant fall in the number of job losses at client firms. In all, 6,152 IDA-created jobs were lost during 2012 — the lowest level of cuts in over a decade and down from a figure of 7,447 for 2011.