WORLDWIDE JOB LOSSES in multinational technology companies are yet to have any visible impact on Ireland’s labour market, a European Commission economic report has said.
“Exports of both goods and services kept on expanding robustly and private consumption grew despite downbeat consumer sentiment.” “Despite news on some big tech companies reducing their staff worldwide in autumn, with yet no visible negative impact in Ireland where the multinational sector has increased employment in 2022 by 9%.”“A strong labour market together with very high household savings underpin further private consumption growth.
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what has an impact on Irish Labour market is the housing crisis.