The number of jobs created in Q3 was 142,528 according to the latest data from the Central Statistics Office.

The figure was an increase of 11,597 (8.9%) when compared with Q3 2023.

However, the rate of job destructions was also up on the same time last year.

There were 119,706 job destructions in Q3 2024, which was 17,371 (17.0%) more than the number recorded 12 months earlier.

Hirings were also marginally down on Q3 2023 with 325,403 hirings recorded -1,598 (-0.5%) fewer than the 327,001 observed in Q3 2023.

Similarly, job churn in Quarter 3 of this year according to the CSO was 365,750, down 26,390 (6.7%) from Q3 2023.

The associated job churn rate for Q3 2024 was 12.8%, down 1.3 percentage points from the 14.1% recorded a year earlier.

A total of 302,581 job separations were recorded, up 4,176 (1.4%) from the 298,405 observed in Q3 2023.

There were 143,386 separations from primary employments of which, 101,315 (70.7%) were people who were no longer on the Revenue PAYE Modernisation (PMOD) system, 27,097 (18.9%) were employed but in a different economic sector, and 14,974 (10.4%) remained employed in the same economic sector but with a different organisation or company.

Conor Delves, the CSO's statistician in the Labour Market Analysis Section, said: “The job churn figure for Q3 2024 was 365,750, which was a decrease of 26,390 from Q3 2023.

"The job churn rate, that is the job churn figure relative to total employment, for Q3 2024 was 12.8%, down 1.3 percentage points from the 14.1% recorded in Q3 2023.

"There were 142,528 job creations in Q3 2024 and 119,706 job destructions in the same period.

"In Q3 2024, 11.4% of employees were no longer in an employment that they held in the previous quarter.

"The largest year-on-year increase in job creations in Q3 2024 were seen in Administrative & Support Service Activities, where creations were up 33.4% to 12,789 and Information & Communication, where creations rose 33.7% to 7,222."

He added: "In Q3 2024, the highest job churn rate was recorded in the Administrative & Support Service sector (25.6%), while the lowest rate (7.4%) was recorded in the Information & Communication sector.

"The firm size group that saw the highest job churn rate in Q3 2024 was those employing 50-249 people (16.2%). The lowest job churn rate in the quarter was in firms with between one and nine employees (6.6%)."