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Posts in the "Jobs" category

Under employment in the Republic of Ireland

Posted on October 28, 2014 by Daragh McCarthy

Fact of the Week: Under employment - NERI Fact of the Week: under employment in the Republic of Ireland
NERI Fact of the Week: under employment in the Republic of Ireland

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 hours—is better than having no job. They take up employment, but remain actively seeking new job opportunities. Currently, there are 129,700 people classified as underemployed by the CSO.

Number of people underemployment and unemployment in Ireland ('000s), 2008—2014

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Permanent link | Categories: Jobs

Budget 2015 and Public Investment in Social Housing

Posted on October 15, 2014 by Daragh McCarthy

Housing

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.

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Permanent link | Categories: Government SpendingInvestmentJobs

Learning by doing - the importance of apprenticeship learning in Northern Ireland

Posted on October 02, 2014

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

There is a Chinese saying: "Tell me and I'll forget. Show me and I'll remember. Let me do and I will understand”. Apprenticeship – in these parts of the world  – conjures up images of young people (usually male) dressed in a blue boiler suite peering into a piece of machinery. Not so in many other parts of the world where ‘learning by doing’ is an integral part of professional and vocational education.

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Permanent link | Categories: Jobs

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 the EU15.

 

The long term unemployment share in the EU 15, 2014 Q1

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Getting our priorities right

Posted on September 20, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

A curious feature of public debate in the run-up to Budget 2015 in the Republic of Ireland next month is the extent of focus on reducing income tax for the top 20% of workers (those paying the top income tax rate). These account for just under 400,000 persons at work and make up 18% of all tax cases.

[There has been remarkably little attention paid to those who have taken the greatest hit as a result of the recession:

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Permanent link | Categories: JobsTaxation

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.

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Latest Data on the Vacancy Rate

Posted on September 02, 2014 by Daragh McCarthy

Vacancy Rate Fact of the Week - Vacancy Rate Fact of the Week
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 on the second half of 2013 when there were 28.5 people available for work for each vacancy.

 

International comparison of the vacancy rate

 

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Youth labour market still in recession

Posted on August 30, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

The week gone by brought some mixed news in regards to wages and employment trends in the Republic of Ireland.  The recovery in total estimated employment from about the end of 2012 has continued into 2014 but at a much reduced pace. At the same time, wages are dropping slightly on average (before account is taken of taxes and social transfers). And the estimated numbers emigrating are significantly down. The bottom line is that there are more people at work, wages are stagnating if not declining while fewer people are leaving to look for work abroad. These are the key points. In next week’s blog I will look at some recent wage trends while, this week, the focus is on the some aspects of employment trends that have received relatively little public attention so far.

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Ireland’s Low Pay Problem: time for a Living Wage

Posted on August 25, 2014 by Micheál Collins

Ireland joined a growing international living wage movement in July when the Living Wage Technical Group launched the 2014 Living Wage. In principle, a living wage is intended to establish an hourly wage rate that should provide employees with sufficient income to achieve an agreed acceptable minimum standard of living. In that sense it is an income floor; representing a figure that allows employees working full-time to afford the essentials of life. The figure for 2014 is €11.45 per hour, equivalent to €446 per week.

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Permanent link | Categories: IncomeInequalityJobsLabour costsLiving wageWages

Employment up, but wages ominous

Posted on August 13, 2014 by Paul Mac Flynn

UK Labour Market data released this morning show that the trend of rising employment and falling real wages is set to continue. At a UK-wide level, the decreases in unemployment are quite impressive, particularly for youth unemployment but figures for earnings at GB level paint a more sober picture. Regular pay in Great Britain was only up 0.6% from this time last year and with inflation running at about 2% this indicates a significant drop in real wages. We do not have reliable monthly earnings figures for Northern Ireland, only the Annual Survey of Hours and Earnings can report the extent of wage growth here. Interestingly there are indications that wages growth is stronger for those who have been in consistent employment for the last number of years. A lot of the weakness in wage growth may be due to compositional changes in the workforce i.e. people who have come back to work are in lower paying jobs than before. This has interesting implications for the recovery in the labour market in Northern Ireland as highlighted in a recent NERI working paper here.

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Permanent link | Categories: JobsNorthern Ireland Wages

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