Commenting on the figures, the Minister for Enterprise, Trade and Employment, Simon Coveney TD, said:<\/b><\/p>\n \u201cFor another successive quarter, we have reached a new record for the highest number of people employed in our country than ever before, with the monthly unemployment rate standing at just 4.3% in July. It is a testament to the hard work and remarkable resilience of Irish enterprise. Female participation rates in the labour market in particular are now at historic levels, with more women availing of opportunities for employment.\u201d<\/p><\/blockquote>\n Commenting on the figures, the Minister for Finance, Michael McGrath T.D., said:<\/b><\/p>\n \u201cToday\u2019s figures indicate the continued strength of the labour market. More than 88,000 jobs were added in the year to Q2 with 8,600 added in the second quarter alone, on a seasonally adjusted basis. As a result, the employment rate rose to an all-time high of 74.2%. This is a significant achievement given the economic headwinds faced in recent years and points to the resilience of the labour market and the success of government policies introduced in response to these challenges.<\/p>\n Positively, despite the correction that took place in the ICT sector in the second half of last year, employment in ICT rose by 2.2% on a quarterly basis in the second quarter to a new record high of 174,000.<\/p>\n Overall, today\u2019s figures suggest that the labour market is now operating at or possibly beyond capacity. With labour demand still strong according to job postings, the labour market is likely to remain tight over the near term. This presents a growing risk of accelerating wage pressures. Government policy will therefore focus on alleviating supply-side bottlenecks while avoiding contributing to a wage-price spiral that could damage our competitiveness and impact our economy.\u201d<\/p><\/blockquote>\n Recruit.ie<\/a>\u00a0is a specialist recruitment consultancy and event organiser. We operate major\u00a0recruitment fairs<\/a>,\u00a0online virtual recruitment events<\/a>,\u00a0the\u00a0Tech Careers Expo<\/a>, and\u00a0Biz Expo Ireland<\/a>.<\/p>\n Download the Recruit.ie app now and take control of your future career!<\/strong><\/p>\n
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