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Posts from "Rory O'Farrell"

Unemployment falls, but at a slower rate

Posted on June 05, 2014 by Rory O'Farrell

Rory1
The latest CSO data shows a stabilisation in unemployment rates when compared to the previous month. The standard unemployment rate is currently at 11.8% for May, identical to the rate in April, and 12.0% for the period January to March. This is equivalent to roughly 4,300 less people unemployed. Though the rate has continued to decline, it is declining at a slower pace than previously. A decline …

Posted in: JobsMacroeconomics

Employment creation slows to 1,700 as lone mothers left behind

Posted on May 26, 2014 by Rory O'Farrell

employment
In somewhat disappointing results (seasonally adjusted) employment grew by only 1,700 jobs in the first quarter of the year. In many ways 2013 can be seen as a blip in terms of job creation as various temporary factors (such as 'The Gathering', self-employed workers moving off Jobseekers Benefit payment, and a temporary bounce following the stabilisation of the economy) came together. That …

Posted in: GenderJobsMacroeconomics

Irish underemployment over 20%

Posted on May 22, 2014 by Rory O'Farrell

underemployment
Despite improvements in the labour market Irish underemployment combined with unemployment is 22.3%. The underemployed figure includes those who are part-time unemployed and those who wish to work but are not actively seeking work. The underemployment rate has been falling more slowly than unemployment. More information on underemployment can be found in indicator 2.5a of the Quarterly Economic …

Posted in: Jobs

Unemployment and the European Union

Posted on May 21, 2014 by Rory O'Farrell

Rory O'Farrell, NERI
In 2013, unemployment in Germany, at 5.3 per cent, was at its lowest level since reunification. In the same year, Spain’s unemployment rate, 26.4 per cent, was at its highest level since at least the 1960s, before which reliable statistics are more difficult to come by. Austrian unemployment is also low at 4.9 per cent, and though Ireland’s nearest neighbour, the UK, has unemployment of 7.6 …

Posted in: JobsMacroeconomics

Labour Market conference held in UCC

Posted on May 08, 2014 by Rory O'Farrell

On 1st May 2014 the NERI held a labour market conference in association with the UCC School of Economics. The conference included presentations from labour market experts working in academia, public institutions, and the trade unions. The conference presentations are available here. The NERI would like to thank all those who took part, and those who attended, for making the conference a success.

Long-term unemployment stable as a share of total unemployment

Posted on April 30, 2014 by Rory O'Farrell

long term unemployment
Long-term unemployment has remained largely stable as a percentage of total unemployment over the past year. As total unemployment has been declining this means the number of long-term unemployed is also decreasing. As the proportion is largely stable it means that the long-term unemployed are not being left behind, nor are they in the vanguard of any recovery. Also, some long-term unemployed may …

Posted in: Jobs

Improving women's access to the labour market could create 65,000 jobs

Posted on April 08, 2014 by Rory O'Farrell

A new paper (available here) highlights some of the most prominent features of the Irish labour market; a polarised labour market with relatively low labour market participation for women. The implication for this is that, by increasing labour market access for women, roughly 65,000 jobs could be created. Overall in Ireland there are a high proportion of those in employment with a third level …

Posted in: GenderJobsWages

Record current account surplus shows space for wage increases

Posted on March 13, 2014 by Rory O'Farrell

The latest GDP figures are disappointing (showing a contraction in 2013 of 0.3% due to both the 'patent cliff' and a stagnant domestic economy). However the current account surplus has reached a record high of 6.6% of GDP. For comparison, in 2012 Germany had a surplus of 7% and the Netherlands had the highest surplus of 7.7%. The current account surplus is the trade surplus (exports less imports) …

Posted in: MacroeconomicsWages

Recent labour market changes consistent with polarisation

Posted on March 11, 2014 by Rory O'Farrell

EmploymentIre
Data from the recent Earnings Hours and Employment Costs Survey show that recent trends in employee numbers (employee numbers exclude the self-employed) are consistent with a pattern of polarisation. The patterns are consistent with the effects of austerity combined with an underlying process of labour market polarisationstates are excluded). Unfortunately data for all sectors is not available …

Posted in: GenderJobs

Employment of young women down 17,100

Posted on February 27, 2014 by Rory O'Farrell

The latest data from the CSO shows employment up roughly 60,000 since the same period of last year, getting close to levels last seen at the end of 2009 (and first seen back in 2005). Interestingly, of the increase in employment of 61,000, over three quarters almost (47,100) of the increase was for men aged over 35. Employment for men aged under 35 was relatively stable (showing a slight increase …

Posted in: GenderJobs

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