The News

Latest CSO figures confirm economy in recession

Figures today from the Central Statistics Office confirm that the economy is in recession. The economy, as measured by gross domestic product (GDP), fell by 1.9% in the three months to the end of September, according to the latest figures from the CSO. Modified Domestic Demand (MDD), which more closely tracks the domestic economy, was […]

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Big increase in demand for construction workers in 2023

The resurgence of construction here meant professional roles in that sector recorded the biggest increase in demand this year, new data shows. IrishJobs TalentBank, a database containing over 1.2m job candidates, shows demand for site engineers rose by 255%, while demand for site managers more than doubled to 157% between the third quarter of last […]

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New tenants are paying 18% more for rent than existing ones – RTB

New tenants are paying considerably more rent than renters with existing tenancies, new official data has shown for the first time. According to information released by the Residential Tenancies Board, the standardised average rent nationally for an existing tenancy between April and June of this year was €1,332. That compares to €1,574 for a new […]

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EU agreement on reducing industrial emissions

EU member countries and the European Parliament have said they have reached a preliminary agreement on curbing industrial emissions, including those from intensive poultry and pig farms and from ore mines. The deal, struck late last night, would “reduce harmful emissions from industry and improve public access to information,” the European Council, representing member states, […]

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Brent tops $80 ahead of OPEC+ meeting

Oil prices crept higher today as the possibility that OPEC+ will extend or deepen supply cuts was compounded by a storm-related drop in Kazakh oil output to send the Brent benchmark above $80 a barrel. Brent crude futures were up 73 cents, or nearly 1%, at $80.71 a barrel by 1506 GMT. US West Texas […]

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Weekly earnings rose by 4.6% in third quarter – CSO

Workers average weekly earnings rose 4.6% between July and September compared to the same period last year, new data from the Central Statistics Office (CSO) shows. On average, employees received wages of €907.72 during the period, up from €876.63 during the third quarter of 2022. Average weekly earnings increased across 12 out of 13 sectors […]

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