Headline unemployment in the Irish economy rose for a third consecutive month in October suggesting the Irish labour market is softening in the face of a slowdown internationally.
Ireland had the largest quarterly decline in GDP in the euro zone, primarily on the back of a decline in multinational exports. The Irish economy has now contracted in three of the last four quarters. Still, there was no major cause for concern just yet, he said, noting Irish job postings on the site remained well above pre-pandemic levels as of the end of October.