The Quarter 1 2022 Labour Force Survey published by the Central Statistics Office (Thursday, 26 May 2022) shows: total employment now stands at 2,505,800, in excess of the 2.5 million target set by the Government, ahead of target. 275,200 jobs were created in the year to Q1 2022. Employment is on target to increase by an average of 6.8% by 2024.
The Legal, Accounting, and Business sector were the biggest contributors to new company start-ups in 2021. This growth can be felt throughout the Accounting and Finance sector with start-ups hiring from the top-down throughout 2021/2022 and this trend is continuing into 2023.
With increases in inflation, this leaves little to the mind of the ‘cost of living’ mainly around Dublin/Cork/Galway and Limerick. Ireland prices are 40% higher than the average across the EU.
Combined costs in housing such as rents, mortgage rates, gas and electricity, are again the most expensive at 89pc above the EU average.
Communications costs in Ireland are 46.5pc above the EU average.
Transport (public) are 39pc above the EU average, with energy 15pc higher than the average. According to AA Ireland survey, It will now cost €750 more this year to fuel a petrol car in comparison to 2021.
