Irish Employment Offers a Positive Surprise

Irish employment data is in, and offers a silver lining in an otherwise bleak setting.

Written by: Arslan Butt • Tuesday, May 21, 2019 • 1 min read

Finally, some positive news amid all the recent Brexit uncertainty. Irish employment data is in, and offers a silver lining in an otherwise bleak setting.

The number of employed workers rose to over 2.3 million in Q1 2019, up by 0.9% in Q4 2018. The latest data cimes in 3.7% higher than Q1 2018.

Unemployment too has come down to 114,000, 14% lesser than what it was during the same period a year ago.

GBP/USD, however, continues trading bearish today, having slipped below the 1.27 level. It has touched 1.2698 at the time of writing.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.