Posts from "Paul Mac Flynn"

Paul Mac Flynn

Paul Mac Flynn is a senior economist at the NERI specialising in the Northern Ireland Economy.

He is a graduate of University College Dublin with a BA in Economics and Politics and the University of Bristol with an MSc in Economics and Public Policy, specialising in the economic impacts of political devolution in the UK.

Having previously worked in financial services he is now based with NERI in Belfast.

Revisions to UK GDP growth

Posted on June 28, 2013 by Paul Mac Flynn

The ONS yesterday released the third estimate of GDP figures for the first quarter of 2013 where growth was revised down from 0.6% to 0.3%. The revisions to recent historical data also erased the "double-dip" recession that was thought to have occurred in in the first quarter of 2012. Growth in 2012 Q1 was revised up from -0.1% to 0.0%, a stagnation as opposed to contraction. The ONS …

Posted in: JobsMacroeconomicsNorthern Ireland

Changing Reasons for Economic Inactivity

Posted on June 16, 2013 by Paul Mac Flynn

Northern Ireland has historically always had a higher rate of economic inactivity than either the Republic of Ireland or any of the other 11 regions of the United Kingdom. While the overall rate of economic inactivity has actually reduced somewhat over the crisis from 2008, it still remains above all other regions. There is a distinction within the economically inactive between those who do not …

Posted in: JobsNorthern Ireland

Employment increases, incomes squeezed

Posted on June 12, 2013 by Paul Mac Flynn

Employment figures for the UK published today show a small return to growth in employment in the last three months to April this year. The increase in employment has been mainly due to a large increase in employment among older workers, many of pension age, and it is not clear whether this is by choice or whether older workers are finding themselves under financial pressure.   However the …

Posted in: IncomeJobsLabour costsNorthern Ireland

The Productivity Puzzle and Northern Ireland

Posted on June 10, 2013 by Paul Mac Flynn

InBrief June 2013
Over the last two years, the UK economy has experienced stagnating output growth alongside increasing total employment. This counter-intuitive situation has come to be known as the "Productivity Puzzle". Northern Ireland has experienced a similar dynamic over the last two years. There is no agreement among researchers as to what may be causing this situation or whether it is a permanent …

Posted in: MacroeconomicsNorthern Ireland

Northern Ireland still lags behind UK on Earnings

Posted on April 22, 2013 by Paul Mac Flynn

QEF April
The Distribution of earnings has remained remarkably static in Northern Ireland over the past two years. The number of people earning under £20,000 was 57%, the same figure recorded in the previous year. The most significant decreases have been among those earning over £150,000 and those earning over £200,000. Both these groups have halved in the last year. While the decrease in the number of …

Youth Unemployment remains a significant problem for Northern Ireland Economy

Posted on April 10, 2013 by Paul Mac Flynn

Stormont-Etrusia UK
The Nevin Economic Research Institute has published our latest Quarterly Economic Observer (Wednesday 10th April). In it we examine the problems of Youth Unemployment in Northern Ireland. In particular: •Youth Unemployment rates of 23.8% or 24,000; •34,000 18-24 year olds are not in education training or employment; •The number of young people claiming Job Seekers Allowance for more than 12 …

Left out and left behind

Posted on January 28, 2013 by Paul Mac Flynn

Rate of NEETs over time
The number of young people on the Island of Ireland not in education, employment or training (NEETs) has significantly increased over the last number. Similar to the overall unemployment rate, the number of NEETs remains higher in the Republic of Ireland; however the rate for Northern Ireland has risen markedly over since the crisis. The rate for 2011 was 19.2% in Northern Ireland and 23.9% in …

Policy Research Paper launched in Northern Ireland

Posted on January 15, 2013 by Paul Mac Flynn

Today the NERI published its first Policy Research Paper “Policy Options for Investment in Northern Ireland”. The paper will be officially launched at an event in Parliament Buildings in Belfast today. The paper seeks to highlight the infrastructural investment required in the Northern Ireland economy over the next number of years in the context of on-going economic stagnation and high …

Austerity isn’t working: A Northern Ireland Perspective

Posted on October 27, 2012 by Paul Mac Flynn

Paul MacFlynn, NERI
The International Monetary Fund recently admitted that they have, since the beginning of the crisis, grossly underestimated the damage that austerity policies have been doing to the economy. The admission was made in the latest edition of the World Economic Outlook released at their bi-annual meeting in Tokyo. This admission fatally undermines the economic case for the UK coalition government's …

Part-time working a problem for Northern Ireland

Posted on September 24, 2012 by Paul Mac Flynn

part time workers graph
Recent data has indicated that the level of unemployment in Northern Ireland has surpassed that of the UK as a whole. This is worrying news, but it is also not a full picture of the labour market in Northern Ireland. The unemployment rate does not count those who are underemployed, those who are in employment but still seek work. Indicator 2.5 (b) of the Quarterly Economic Facts shows the number …

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