Dublin's unemployment rate has fallen to its lowest level in 14 years.
Unemployment was at 4.4% Q3 2019 and this is a fall of 9.3% since Q1 2012 when unemployment peaked at 13.7%.
That's according to the latest Dublin Economic Monitor (DEM) published this morning.
The DEM is produced by EY-DKM Economic Advisory on behalf of the four Dublin Local Authorities (Dublin City Council, South Dublin County Council, Fingal County Council and Dun Laoghaire-Rathdown County Council).
Ciara Morley Economist with EY-DKM Economic Advisory said: “Since the economic crises at the beginning of the last decade, Dublin has emerged as one of the fastest growing cities in one of the fastest growing economies in Europe.
"Unemployment is now at its lowest level in almost 15 years and the workforce is at an all-time high. There is little doubt, however, that this success has brought with it its own challenges and Dublin is now facing several issues that are impacting its international competitiveness.
"Our analysis shows, for example, that the challenges in the housing market – where average residential rents have increased in Dublin by 6.7% Year on Year (YoY) are causing a drag on Dublin’s position in rankings focused on the quality and cost of living.
"Policies to boost housing supply, and thus affordability, in the city should go some way to improving the quality and cost of living for residents and expatriates alike.”
According to the DEM, Dublin now ranks eighth in the world for career opportunities, job security and work-life balance.
A total of 243.4 million public transport trips took place in Dublin in 2019. This represents an increase of 19.5 million journeys (+8.7%) on 2018.
