![\"Employment](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/4b3eff29-5ad6-48d1-971e-af983987a4a9.jpg\")
<\/p>\nThe optimistic forecast is being made despite the recent uptick in the unemployment rate, and with the Central Statistics Office reporting a small decline in employee numbers in June.<\/p>\n
The monthly employee index for males decreased by 0.3pc, while for females it was down 0.2pc in the month. Based on age, the largest monthly decrease was in the 15- to 19-year-old category, which was down 2.6pc.<\/p>\n
Darragh Turner, a statistician in the labour market and earnings division of the CSO, said while two sectors had a monthly increase in numbers employed, and two were unchanged, 11 showed a decrease.<\/p>\n
\u201cThe sector that observed the largest monthly fall was services, down 2.3pc, followed by agriculture, forestry and fishing, down 1.5pc,\u201d he said, while pointing out that services is the smallest of the sectors, with 4,400 employees in June.<\/p>\n
According to the analysis by Davy, employment growth picked up 2.5pc in the second quarter from 2.3pc in Q1, with growth remaining stronger for higher wage sectors.<\/p>\n
<\/p>\n
Employment picked up in the second quarter. Stock image<\/p>\n
Today’s News in 90 Seconds – 18th August<\/p>\n
\u201cWith prior-year revisions to May and June factored in, we estimate that Q2 employee payrolls grew by 2.5pc in year-on-year terms,\u201d said Kevin Timoney, an economist with Davy. \u201cThis is up from 2.3pc in Q1 and is a remarkably strong result despite significantly elevated uncertainty in the first half of this year.\u201d<\/p>\n
Davy\u2019s analysis of Irish payrolls data shows that February is typically the low point for employment each year, while there is a significant ramp-up in hiring between March and June.<\/p>\n
\u201cThis makes sense from the perspective that seasonal labour demand for spring and summer workers is highest, and hiring is often necessary in advance of peak months for activity,\u201d it said.<\/p>\n
\u201cWith last year\u2019s revisions to June payrolls included, this suggests an uplift for March-June 2025 of 75,000 workers. The corresponding increases in 2023 and 2024 respectively were 69,000 and 72,000.\u201d<\/p>\n
On this basis, Davy says the data suggests 2025 is on course to be another year of increased employment.<\/p>\n
High-skill sectors, those with above-average hourly wages, are continuing to drive the growth. \u201cFor the first six months of 2025, the average growth rate for these sectors has exceeded growth for lower-pay sectors by 0.9 of a percentage point,\u201d the Davy analysis says.<\/p>\n
\u201cBy age group, it is interesting that Q2 saw an increase in year-on-year payrolls growth for young adults to 1.9pc, up from 1.3pc in Q1 and 1.2pc in Q2 2024. Other age groups saw broadly steady payroll growth rates relative to recent months.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The optimistic forecast is being made despite the recent uptick in the unemployment rate, and with the Central…\n","protected":false},"author":2,"featured_media":76602,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,63,99,180,58881],"class_list":{"0":"post-76601","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-jobs","12":"tag-john-burns"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/76601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=76601"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/76601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/76602"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=76601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=76601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=76601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}