Posts By: admin

Unemployment rate remains at 5.4% in April – CSO

Unemployment rate remains at 5.4% in April – CSO New Central Statistics Office figures show that the country’s unemployment rate remained at an 11-year low of 5.4% in April. The CSO said the seasonally adjusted number of people who were without a job stood at 129,700 in April, a decrease of 10,200 when compared to… Read more »

High housing costs key driver of wage demands, conference told

High housing costs key driver of wage demands, conference told HIGH rents and housing costs are driving wage demands that have become the biggest single challenge facing businesses, according to Kevin Sheridan, managing director of Sheridan Cheesemongers. “Rising wages puts pressure on staff numbers and has a ripple effect through the business – I think… Read more »

Self-employed people to qualify for extra jobseeker’s payments under new initiative

Self-employed people to qualify for extra jobseeker’s payments under new initiative Self-employed people will become eligible to claim a jobseeker’s welfare payment from November, based on their social insurance contributions. Minister for Employment Affairs and Social Protection Regina Doherty has said the initiative will provide an income safety net to thousands of small and medium… Read more »

US watchdog swoops on $55bn oil merger

US watchdog swoops on $55bn oil merger The US Securities and Exchange Commission (SEC) yesterday obtained an asset freeze in connection with suspected fraudulent trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron. US District Judge Gregory Woods in Manhattan granted the freeze over accounts linked to suspicious… Read more »

Self-employed to qualify for welfare pay of €203 a week

Self-employed to qualify for welfare pay of €203 a week Self-employed workers will be entitled to weekly jobseeker payments if they become unemployed from November. The new social insurance benefit scheme, announced today, aims to provide assurance to people setting up or running their own business. Up to €203 will be provided for nine months… Read more »

Mortgage approvals soar but would-be buyers wait on supply

Mortgage approvals soar but would-be buyers wait on supply NEW figures show the scale of pent-up demand among would-be home buyers with approvals running well ahead of mortgage drawdowns. Figures from the Banking and Payments Federation, which represents lenders, show that 8,577 new mortgages to the value of €1.884bn were drawn down by borrowers during… Read more »

Govt wants Central Bank in financial sector forum

Govt wants Central Bank in financial sector forum New structures to encourage the development of international financial services will include bringing the Central Bank into a new stakeholder engagement group with industry and see overall responsibility for promoting the sector shifting to the Department of Finance. A new strategy for the sector will be launched… Read more »

Increase in value and volume of mortgages drawn down

Increase in value and volume of mortgages drawn down There was an 8.9% increase in the number of mortgages drawn down in Ireland in the first quarter of this year, according to the body representing the banking, payments and fintech sectors. Figures published by the Banking & Payments Federation Ireland show 8,577 new mortgages, to… Read more »