The number of people employed in Ireland reached nearly 2.8 million in the final quarter of 2024, marking a 2.6% increase compared to the previous year, according to the latest Labour Force Survey from the Central Statistics Office (CSO).
While employment figures grew annually, the report noted a slight quarterly decline, with employment falling by 18,400 compared to the third quarter. However, this drop was accompanied by a similar decrease in the overall labour force, suggesting seasonal factors or temporary shifts in the workforce.
The national employment rate stood at 74.3% for the fourth quarter, up from 74.0% in the same period of 2023, reflecting continued growth in workforce participation.
Unemployment figures also showed improvement. The number of unemployed individuals dropped to 116,100, with the unemployment rate falling to 4%, down from 4.2% a year earlier.
The total number of hours worked each week increased by 3.1 million hours, or 3.8%, highlighting greater productivity and labor engagement.
Health and Construction Sectors Lead Job Growth
The largest sectoral increase in employment was seen in human health and social work activities, which added 17,200 jobs, reflecting a 4.7% rise. Other sectors experiencing growth included construction and information and communication, both of which continue to benefit from increased investment and demand.
Conversely, the wholesale and retail trade sector experienced the most significant decline, with employment falling by 17,300 jobs, a 5% drop. Employment in administrative and support service activities also saw a decline, though the report did not specify the exact number of jobs lost in that sector.
Outlook for 2025
The latest data reflects the resilience of the Irish labor market despite global economic uncertainties. The steady unemployment rate and rising employment levels suggest a stable job market, while sector-specific changes highlight shifting demands across industries.
With healthcare, construction, and technology sectors driving growth, analysts predict that Ireland’s employment landscape will continue to evolve in 2025, offering new opportunities for job seekers while posing challenges for sectors facing workforce reductions.
