Services drive dublin employment growth

Employment levels amongst Dublin residents continued to climb at the start of 2023. Over 781,400 Dublin residents (SA) were in employment in Q1, representing growth of 1.2% QoQ (+9,600 jobs) and 3% YoY (+22,800 jobs). In a surprising development, employment in the construction sector contracted by 5.6% YoY (2,100 jobs) in the quarter. This was compounded by a reduction in industrial employment of 4% YoY (2,500 jobs). Private services and public sector employment were the sole drivers of the overall YoY employment growth in Q1, with expansion rates of 5.2% and 1.9% respectively. Despite recent sectoral issues, employment in ICT continued to rise YoY in Q1 (+2.5%, 2,200 jobs).