David Grin Explores Labour Shortages in the Construction Sector. Soaring employment levels have led to a potential labour and skills shortage in the country just a decade after the recession devastated the Irish economy.
Employment levels in Ireland hit a 20-year high indicating a potential labour and skills shortage in several sectors. Since emerging from the financial crisis in 2013, 385,000 jobs have been created in the Irish economy. The current unemployment rate in the country is 5.6%, with the Central Bank forecasting a rate of 4.9% for 2019, hovering close to what economists consider full employment levels. The booming economy is posing challenges for employers looking to fill open positions and providing ample opportunities for job seekers.