Blog Archive | 2013

Long-term unemployment stable as a share of total unemployment

Posted on September 30, 2013 by Rory O'Farrell

long term unemployment graph
The share of long-term unemployed in the Republic of Ireland, as a share of total unemployment, has remained stable. Over the past year unemployment has be trending downward due to a combination of job creation, migration, and statistical alterations made by the Central Statistics Office. If the share of long-term unemployment were to increase at a time of decreasing unemployment it would suggest …

Posted in: Jobs

Child Poverty - North & South

Posted on September 23, 2013 by Micheál Collins

One in every five children on the island of Ireland lives in a household with an income below the poverty line. In the Republic, the latest CSO data suggests 18.8% of children live in poverty. In Northern Ireland, 22% of children are in poverty. In both, the trend over time has been one of slow decrease, but child poverty levels have consistently remained above the levels of poverty experienced …

Posted in: IncomeInequalityNorthern Ireland

Ireland - a place of tax safety and refuge ?

Posted on September 16, 2013 by Tom Healy

Tom Healy, Director NERI
Writing in the Irish Times recently, Feargal O’Rourke head of tax at PwC Ireland declares: ‘What can be said with absolute certainty is that every company within the charge to Irish tax pays tax at 12.5 per cent on their activities – that is a fact.’ (‘Whatever way you look at it, Ireland is not a tax haven’). Certainty is a word to be used with caution. One cannot presume to know the …

Posted in: Taxation | Comments »

Northern Ireland economy

Posted on September 11, 2013 by Tom Healy

Tom Healy, Director NERI
The annual Northern Ireland Economic Conference took place yesterday in Belfast. Typically it is one of the main annual events in Northern Ireland where senior policy makers, academics and business interests gather to debate and consider the major economic issues confronting us. While the balance of speakers and input left much to be desired the Conference provides participants with an …

Posted in: InvestmentJobsNorthern Ireland

Irish labour costs amongst lowest in Western Europe

Posted on September 02, 2013 by Rory O'Farrell

business sector labour costs
Ireland's labour costs in the business economy continue to be amongst the lowest in Western Europe. Labour costs differ from wages in that they also include other costs faced by employers such as PRSI. Therefore labour costs are a far more relevant way to compare competitiveness across countries. Ireland has one of the lowest rates of employer social contributions in both Western Europe and the …

Posted in: JobsLabour costs

A welcome (if modest) increase in employment

Posted on September 02, 2013 by Tom Healy

Tmp Jobs
The publication, recently, by the Central Statistics Office of results from their Quarterly National Household Survey for the year to June 2013 has provided a welcome respite to the generally negative employment news since the beginning of 2008. Employment is now increasing across most sectors and occupations, both in full-time and in part-time employments. Notwithstanding very disappointing …

Posted in: Government SpendingInvestmentJobsMacroeconomics

Understanding Earnings - a key context for policy formation

Posted on August 27, 2013 by Micheál Collins

income dist graph 2010 QEF.png
As we move towards another austerity budget (October 2013) it is useful to consider Government's choices in the context of the structure of earnings. Despite its relevance, limited attention tends to be given to the distribution of earnings and income in the formation of policy options and decisions. Data from the Revenue Commissioners latest Statistical Report (for the tax year 2010) offers a …

Posted in: IncomeInequality

Innovating and competitive States

Posted on August 27, 2013 by Tom Healy

Tom Healy, Director NERI
Northern Ireland stands out as a region with a relatively large public service as measured by proportion employed or public spending as a proportion of local income. Not infrequently this is cited as grounds for 're-balancing' the public and private sectors by reinvigorating the latter and cutting back on the former (sometimes described as 'bloated' or 'excessive' in Northern Ireland). In a …

Ireland and Europe's FTT Proposal

Posted on August 26, 2013 by Micheál Collins

In the context of the recent international financial crisis, one principally derived from the reckless speculative behaviour of numerous banking and financial corporations, the long-term hesitancy towards a financial transactions tax (FTT) tax has begun to thaw. Most recently the European Commission and Parliament have set in train a process to see a FTT introduced in a number of EU countries …

Posted in: MacroeconomicsTaxation

A broader view of labour market statistics in Northern Ireland

Posted on August 14, 2013 by Paul Mac Flynn

The unemployment rate in Northern Ireland fell below that of the UK for the 3 months to the end of June this year. This is welcome news, but as with all economic and labour market data, a quick glance never reveals the true story. While the numbers unemployed fell by 6,000, the numbers employed only increased by 4,000 which on the face of it would lead you to believe that 2,000 people had …

Posted in: JobsNorthern Ireland

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