Market comment - Irish employment up 1% in Q1 2020

Davy Research
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That Irish employment grew by a healthy 1% in Q1 2020 reflects that the Labour Force Survey struggled to capture the deterioration at end-March. We now know that 473,500 workers have been paid via the Temporary Wage Subsidy Scheme (TWSS). Together with welfare claimants, the government is now providing income supports to an eye-watering 1.27m people.