Dublin unemployment in 1Q2018 was 5.7%, down 1.0% yoy.

The number of pe" /> ACRO Global Tourism Marketer: Dublin unemployment lowest in 10 years and high rents threaten labor supply

ACRO Global Tourism Marketer
Dublin unemployment lowest in 10 years and high rents threaten labor supply
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06 August 2018 (Edited 06 August 2018)


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Dublin unemployment in 1Q2018 was 5.7%, down 1.0% yoy.

The number of persons employed increased by 13,200 - the largest quarterly increase in 10 years.

But house prices increased by 10.7% in May, the 12th consecutive month of double-digit price growth.

And for 1Q2018 the average monthly rent was up 7.8% yoy.

Near full employment and rising housing costs make for a bad combination of factors for hospitality and tourism businesses which depend on a reliable supply of relatively low-skilled, low-wage workers - many immigrants from both EU and non-EU countries.

We in the USA have a similar problem, because of limits on visas for foreign workers, and ever-increasing housing costs in popular tourist areas.

Some industries have been able to get around this problem by substituting technology - automation - for human labor. But that doesn't work so well in tourism.

If I hear of a promising solution anywhere, I'll let you know!


David Boggs President/CEO ACRO Global | Publisher - Tourism Marketer
David Boggs

President/CEO ACRO Global
Publisher - TourismMarketer
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External Article: https://issuu.com/256media/docs/dem_aug18?e=16581915/63526870


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