Is Ireland heading for full employment?

John FitzGerald: Employers will have to work hard to hold on to staff

Educated workforce: the number of graduates at work has increased by almost 7.5 per cent. Photograph: AFP/Getty

Educated workforce: the number of graduates at work has increased by almost 7.5 per cent. Photograph: AFP/Getty

The latest figures on employment and unemployment, published by the Central Statistics Office last week, provide a key window on the economy. Given the problems with our GNP growth figures, we rely a lot on these employment data to know what is going on in the real economy.

Although too much weight should not be put on a single quarter’s figures, behind the headline data of more subdued job growth in the second quarter of this year, compared with the first, is a more positive story.

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