Census results and employment data underline capital’s momentum
Economic statistics for Dublin continue to point to strong growth in the Capital. Notably, the unemployment rate experienced a further significant drop in Q1 2016 to 7.0%, its lowest point since 2008. If anything this understates the strength of the labour market, as the numbers commuting into the city are also growing.
Likewise, the first results from the April 2016 Census point to the focus of population growth in Dublin. While the national population grew by 3.7% (+170,000) between 2011 and 2016, the population of Dublin over the same period grew by 5.7% (+72,000), and the Mid-East region, which incorporates most of the Capital’s commuter belt, grew by 5.3% (+28,000). These growth rates are more than double the 2.5% (+69,000) growth rate recorded in the Rest of Ireland outside Dublin and the Mid East.
Read more in our July 2016 issue of the Dublin Economic Monitor.
In this edition we have a special article from DKM Chairman Brendan Dowling covering Brexit and possible implications for the Dublin Economy. Dr Diarmuid O’Brien, Trinity College Dublin and Brendan Cremen, UCD highlight the launch of a joint €60 million Venture Capital Fund.
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