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Posts from "Rory O'Farrell"

Under-employment remains a major issue

Posted on February 18, 2014 by Rory O'Farrell

under-employment
Under-employment  continues to be a major long-term issue for Irish workers. The broadest measure of unemployment (whereby people are either unemployed, or working part-time but wishing to work full-time, or discouraged workers) remains at 23.5%, down from a peak of 25.8% in mid-2012. In the third quarter of 2013; 139,300 workers were under-employed. However, underemployment is not just due to …

Posted in: IncomeJobs

Over 28 unemployed people for each vacancy in the Republic of Ireland

Posted on January 21, 2014 by Rory O'Farrell

unemployed per vacancy
In the second half of  2013 there were 28.5 people available for work for each vacancy. Though there are some shortages for specific skills (Forfás has recently released a report on the issue), the main cause of unemployment is not a lack of people willing to work, but simply a lack of jobs. In contrast, in Germany there are only 2.4 unemployed persons per vacancy, showing that in Germany …

Posted in: Jobs

What have a night-club dancer and an economist got in common? – CSO data and average earnings

Posted on December 12, 2013 by Rory O'Farrell

The timeliest source of data on wages for PAYE workers in the Republic of Ireland comes from the “Earnings Hours and Employment Costs Survey” (EHECS). This is a very extensive survey and survey responses cover roughly 70% of employees. In comparison, surveys such as the National Employment Survey or Quarterly National Household Survey usually cover less than 5% of the population. However …

Posted in: IncomeJobsLabour costs

Why is unemployment down 40,000, but the Live Register only down by 20,000?

Posted on December 04, 2013 by Rory O'Farrell

The latest live register figures present something of a puzzle. Comparing to January to November 2013 with the same period last year numbers on the Live Register are down roughly 20,000 people. This is almost entirely due to a drop of new people claiming Job Seekers Benefit (new claimants are down roughly 25,000). This suggests that it is not that more new jobs are being created, but fewer …

Posted in: Jobs

Employment up for over 35s, but younger workers still losing jobs and leaving

Posted on November 26, 2013 by Rory O'Farrell

The latest labour market data (released on 26 November 2013) is generally positive in terms of employment, but slightly negative in terms of earnings. However, strange patterns are emerging in terms of what age groups are getting the new jobs. Overall unemployment is down to 12.6% from 14.3% a year ago. This is driven by genuine job creation rather than emigration. In fact, the size of the labour …

Posted in: JobsLabour costs

Are wages the problem for the hospitality sector?

Posted on October 30, 2013 by Rory O'Farrell

On 30th October water restrictions will be imposed in Dublin and other parts of Leinster. It was reported in The Irish Times that there was 'real anger' amongst business owners as water restrictions are imposed from 8pm. However the Restaurants Association of Ireland previously described itself as 'outraged by the Government's decision to restore Joint Labour Committees'  that protect the pay …

Posted in: InvestmentLabour costs

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

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

Over thirty unemployed people for each vacancy

Posted on July 15, 2013 by Rory O'Farrell

unemployed per vacancy
In 2012 there were 32.1 people available for work for each vacancy. Though there are some shortages for specific skills (Forfás has recently released a report on the issue), the main cause of unemployment is not a lack of people willing to work, but simply a lack of jobs. In contrast, in Germany there are only 2.2 unemployed persons per vacancy, showing that in Germany unemployment is mainly …

Posted in: Jobs

Labour costs in accommodation and food sector equal to Spain's

Posted on June 11, 2013 by Rory O'Farrell

accommodation labour costs
Not only did we recently have weather like the Spanish, labour costs were too. The latest data from Eurostat (the European Statistics Agency) show that Irish labour costs in the Accommodation and Food sector are equal to those of Spain. Adjusting for the cost of living Irish labour costs are even lower than in Spain. The data, which was recently updated, shows labour costs for the year 2011. …

Posted in: Labour costs

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