Austin Hughes
speaker
415 appearances
6 recordings
2 series
first heard Oct 2025
last heard 19 Jun
Austin Hughes’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Dec 2025 with 2.
Appearances
There was job losses in August.
And a lot of the strength in jobs was in areas like government and that which these numbers predate, the slowdown.
The unemployment rate ticked up there to 4.4%.
That's the highest in four years.
And the market is probably of a view that the jobs numbers aren't bad enough to make sure that the Fed cuts in December, but they're not good enough to entirely rule that out.
And in that regard, it's keeping the markets on a bit of a knife edge as to what happens next.
But the economy there, not going off a cliff.
Interestingly, Joe, in terms of that, when you look at the details there, non-Native Americans that had been a very strong element of the jobs growth, foreign-born workers, they're actually down over the last year, thanks to some of Mr. Trump's measures, and native-born American employment is up on the year.
So
contrasting elements across the world in terms of jobs market, but revealing of economies that are still in positive trend, but maybe not doing as well as had been hoped.
Yeah, their now cast for the third quarter is very strong, showing 3.7% increase.
Now, some of the numbers that we've seen since then have been, again, very patchy.
To my mind, I think, actually, when you look at the numbers over the last week or so, export growth, you're likely to see GDP could be as much as 15% higher this year, but the domestic economy not growing quite as strong.
And after these employment numbers,
I think their estimate for the third quarter of 3.7% rise in MDD looks a little bit strong.
I think the economy is probably growing 2% to 3%, but how hot it is depends very much on where you are in the Irish economy.
Circumstances vary quite widely.
It's essentially the domestic focused economy, as you say, taking out all the fun and games around the multinational sector.
And as I say, I think the problem is there isn't a one number summary of what's happening in the Irish economy.
But again, the indication from the SRI is that things at least are moving in a positive direction.
Showing 281–300 of 415 · page 15 of 21
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