{"id":535712,"date":"2026-07-06T12:43:10","date_gmt":"2026-07-06T12:43:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/535712\/"},"modified":"2026-07-06T12:43:10","modified_gmt":"2026-07-06T12:43:10","slug":"unemployment-rises-to-5-amid-tech-job-cuts-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/535712\/","title":{"rendered":"Unemployment rises to 5% amid tech job cuts \u2013 The Irish Times"},"content":{"rendered":"

Unemployment in the Irish economy rose marginally to 5 per cent in June amid warnings from recruiters that Ireland\u2019s jobs market is slowing.<\/p>\n

The Central Statistics Office\u2019s measure of joblessness<\/a> rose from 4.9 per cent to 5 per cent between May and June.<\/p>\n

That compared to a headline rate of 4.6 per cent in June last year.<\/p>\n

The seasonally adjusted number of people classified as being unemployed was 145,100 in June, compared with 142,000 the previous month. <\/p>\n

This equated to an annual rise of 8,900.<\/p>\n

The latest snapshot comes amid warnings that the labour market here is cooling after several years of significant growth.<\/p>\n

\"\"The 9 per cent VAT rate has been welcomed by restaurants but does the hospitality sector actually need it?<\/p>\n

A recent sentiment survey from employers\u2019 group Ibec<\/a> suggested just 38 per cent of chief executives were planning to increase their headcount this year, down from 46 per cent last year.<\/p>\n

There is also the adoption of artificial intelligence (AI) <\/a>which is expected to result in downsizing, particularly in the tech sector. <\/p>\n

Meta<\/a>, Oracle<\/a> and TikTok<\/a> have in recent weeks announced cutbacks.<\/p>\n

TikTok announced last week that it would cut jobs at its Irish office, with up to 300 redundancies being signalled.<\/p>\n

Meta said it would shed up to 350 roles from its Irish workforce as part of a wider cull across the business, with heavy investment in AI being blamed for the retrenchment.<\/p>\n

\u201cWhile the labour market has softened gradually over the past 12 months, an unemployment rate of around 5 per cent still points to stability and to an economy operating close to full employment,\u201d Kate English, chief economist at Deloitte Ireland, said. <\/p>\n

\u201cThe increase from 4.6 per cent a year ago suggests the exceptionally tight labour market of recent years is easing, but the adjustment rate has been gradual,\u201d she said.<\/p>\n

Lisa Feist, economist at hiring platform Indeed, said: \u201cThis is the fourth month this year in which the unemployment rate has reached or surpassed 5 per cent, having been 5 per cent in January, February and March.”<\/p>\n

\u201cThe latest data from Indeed\u2019s Irish job postings index, a real-time measure of employer demand, shows the level of job postings has continued to decrease this year,\u201d she said. <\/p>\n

“Postings are now 2.3 per cent below their February 1st 2020, pre-pandemic baseline, as of June 19th 2026, having fallen around 11 per cent over the past year,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"Unemployment in the Irish economy rose marginally to 5 per cent in June amid warnings from recruiters that…\n","protected":false},"author":2,"featured_media":535713,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,14787,113,4105,61,60,1226,12498,6116],"class_list":["post-535712","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-central-statistics-office","tag-economy","tag-ibec","tag-ie","tag-ireland","tag-meta","tag-oracle","tag-tiktok"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/535712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=535712"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/535712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/535713"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=535712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=535712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=535712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}