Wages in Ireland have increased by an average of 4.7% in the year to October, according to figures released by the Central Bank.
This compares with average wage increases of 5.2% across six European countries as of October, and a wage growth increase of 6.2% in the UK.
The figures are based on millions of job postings on Indeed, to create a new monthly wage growth tracker.
Reamonn Lydon, an economist with the Central Bank of Ireland, and Pawel Adrjan, an economist with Indeed, both examined the data.
They discovered that during the first half of 2022, the wages of job postings online "increased quickly," before they began to "ease slightly" in the third quarter.
Initial research conducted in October revealed that the value of the salaries for the positions listed in online job advertisements in the euro area increased from 2.5% in January to 4.2% in June.
This expansion happened as soon as businesses started operating normally again following the Covid-19 pandemic's worst phase to yet.
The data reveals that the average year-over-year increase was 5.2% in October 2022, more than three times the average of 1.5% in 2019 as the salary growth persisted.
Germany had the highest rate of pay growth in October (7.1%), followed by France (5%), Ireland (4.7%), Italy (4.2%), the Netherlands (4.0%), and Spain (3.5%).
The pay increases are less than the current rate of inflation; according to an EU indicator, prices climbed by 9.5% from October of last year to October of this year.
The data also show that salary rises have spread more widely across Europe.
According to the study, from the pandemic's low point in early 2021, when less than 40% of occupational categories in the euro area had seen earnings expanding at a rate of 3% or greater, the share has increased to over 60% in October.
"Each of the six nations in the euro area exhibits a comparable pattern.
"From 51% in Spain to 68% in Germany, occupations experienced yearly salary growth of 3% or more in October.
"This was substantially above pre-pandemic levels, which for most nations ranged from 30% to 50%."
Not all internet job postings offer wage details.
In the UK, approximately 50% of job postings listed the wage, compared to 10% in Germany.
Despite this variable, the analysis said that when compared to other data, its pay estimates "broadly mirror official sources, including the increase in growth throughout 2022."
Community and social services, cleaning and sanitation, and food preparation and services are the professions in Europe where wages are growing at the quickest rates.
