Posts from "Daragh McCarthy"

Under employment in the Republic of Ireland

Posted on October 28, 2014 by Daragh McCarthy

Fact of the Week: Under employment
People classified as part-time underemployed are those who wish to work full-time, but cannot find a full-time job. Underemployment statistics touch on both the quality and quantity of work available to a sizable cohort in the labour market. In a sense, underemployment refers to a situation where an individual decides having some job—be it low skilled, poorly paid or with few guaranteed …

Posted in: Jobs

Budget 2015 and Public Investment in Social Housing

Posted on October 15, 2014 by Daragh McCarthy

There are over 90,000 people on the waiting list for social housing.  This level of demand for a basic need required a substantial investment in housing, and, in this regard, Budget 2015 was a significant first step. The headline investment of €2.2 billion over the coming three years to provide 10,000 social housing units will make a difference. The coming year will see €450million in direct …

Posted in: Government SpendingInvestmentJobs

The case for investment in social housing

Posted on October 07, 2014 by Daragh McCarthy

Publication cover - Housing inBriefOct2014
"Regeneration schemes”, we must never forget, are not just about plans, structures or budgets. They are not just about the physical houses provided. They are about communities that are enabled to thrive and flourish. They are about people who are being acknowledged and encouraged to develop a proud sense of their identity, to nurture feelings of belonging that empower them to shape their …

Posted in: InequalityInvestment

Fact of the week: long term unemployment share

Posted on September 30, 2014 by Daragh McCarthy

Long term Unemployment Share
As shown in the latest Quarterly Economic Facts , the long term unemployment share gives the number of people that have been looking for work for 12 months or more as a proportion of the total number of people unemployed. The rate in the Republic of Ireland has risen sharply in recent years, over taking the EU15 average in the final quarter of 2009. The Republic now has the second highest rate in …

Posted in: Jobs

Youth unemployment and changes to Jobseeker's Allowance

Posted on September 17, 2014 by Daragh McCarthy

Currently, there are 24 unemployed people for every job vacancy. This is a problem for everyone looking for work, but makes it particularly difficult for young people who tend to have less work experience. Budget 2014 reduced Jobseeker’s Allowance (JA) to recipients less than 26 years of age. The adjusted rates are 30 percent lower for new entrants aged 22-24 and 23 per cent lower for those …

Posted in: Jobs

Latest Data on the Vacancy Rate

Posted on September 02, 2014 by Daragh McCarthy

Vacancy Rate Fact of the Week
The ratio of unemployed people to job vacancies is a measure of the extent of labour market tightness—the higher the ratio, the less opportunity unemployed individuals have to find employment. The current rate in Ireland is 24 people for every job vacancy available. This suggests the economy is still struggling to provide a sufficient number of jobs; however, the rate is a notable improvement …

Posted in: Jobs

Latest data on youth unemployment

Posted on July 15, 2014 by Daragh McCarthy

As shown in the latest Quarterly Economic Facts , the youth unemployment rate in Ireland over the opening five months of the year was just over 25 per cent, down from a recent high of 30.4 per cent in 2012. While this represents a considerable improvement, the proportion of young people unemployed is still amongst the highest in the EU and there is data to suggest that many of these people have …

Posted in: Jobs

Spending on health and the cost of providing universal care

Posted on July 05, 2014 by Daragh McCarthy

The recent release of OECD data external link on health care has highlighted the low level of expenditure on health in Ireland. As noted in the Irish Times external link, the state spent less on health than any other country in Western Europe during 2012. In this blog I attempt to put this stark fact into the context of spending on healthcare in recent years and briefly highlight some of the …

Posted in: Government Spending

Donal Nevin Lecture on Banking in Ireland

Posted on May 30, 2014 by Daragh McCarthy

Professor Stephany Griffith-Jones gave this year’s annual Dónal Nevin lecture on the future of banking in the EU and in Ireland. The lecture focused on the role a public development bank can play in boosting growth and job creation. Professor Griffith-Jones cited the success of the Kreditanstalt für Wiederaufbau (KfW) in Germany and highlighted how development banks work counter-cyclically, …

Posted in: Investment

NERI Housing inBrief

Posted on May 14, 2014 by Daragh McCarthy

Housing and Ireland’s Economic Recovery Housing has been one of a number of issues that has sat at the core of Ireland’s recent economic collapse. The very expensive lessons of recent years must not be lost; excessive house prices were not good news for the economy or society generally. The latest NERI Research inBrief , published today, focuses on the role housing can and will play in …

Posted in: Investment

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