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Jan 30 2018, 12:15 GMT
Ireland’s unemployment rate fell to 6.1% in January 2018, its lowest level in ten years and down from 6.6% in September. Alongside recent Purchasing Manager Index (PMI) surveys, the data suggest that the robust pace of jobs growth has continued into 2018. At this pace Irish unemployment should fall below 5% by the end of the year. However, while the fall in unemployment is welcome, it is an especially poor measure of labour market slack, given low participation and net inward migration flows into Ireland.