Economic performance broadly stable, despite rising uncertainty

October 2016

Economic performance broadly stable, despite rising uncertainty

Unfolding consequences of Brexit act as a drag on the capital’s economic performance

Economic indicators for the Dublin economy remain generally positive, though the international uncertainty generated by Brexit combined with domestic factors has acted as a drag on certain
elements of the Capital’s performance.

Labour markets are often cited as a primary bellwether of the performance of an economy. In light of this, the latest statistics on the Dublin labour market would suggest that the Capital’s economic performance is broadly stable. Total employment rose by some 3,800 jobs QoQ in Q2 2016, but curiously the unemployment rate increased by one percentage point over the same period. These results – which have followed sustained downward movements in the unemployment rate over the previous five years – suggest that the rate of job creation in Dublin did not match the expansion in the Capital’s labour force over the second quarter of the year.

Read more in our October 2016 issue of the Dublin Economic Monitor.

In this edition we have a special article from Jasmina Behan, Labour Market Economist at SOLAS covering Dublin’s labour market and future skills needs. The special article by Caroline Keeling outlines the Argi Food sector and its contribution to the Dublin economy.

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