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Posts in the "Jobs" category

Irish underemployment over 20%

Posted on May 22, 2014 by Rory O'Farrell

underemployment - Underemployment over time (Republic of Ireland)
Underemployment over time (Republic of Ireland)

Despite improvements in the labour market Irish underemployment combined with unemployment is 22.3%. The underemployed figure includes those who are part-time unemployed and those who wish to work but are not actively seeking work. The underemployment rate has been falling more slowly than unemployment.

More information on underemployment can be found in indicator 2.5a of the Quarterly Economic Facts.

Permanent link | Categories: Jobs

Unemployment and the European Union

Posted on May 21, 2014 by Rory O'Farrell

Rory O'Farrell, NERI - Rory O'Farrell, NERI
Rory O'Farrell, NERI

In 2013, unemployment in Germany, at 5.3 per cent, was at its lowest level since reunification. In the same year, Spain’s unemployment rate, 26.4 per cent, was at its highest level since at least the 1960s, before which reliable statistics are more difficult to come by. Austrian unemployment is also low at 4.9 per cent, and though Ireland’s nearest neighbour, the UK, has unemployment of 7.6 per cent this is simply on a par with previous recessions, such as during the early to mid 1990s.

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Permanent link | Categories: JobsMacroeconomics

The lower paid

Posted on May 03, 2014 by Tom Healy

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

Eurostat – the official Statistical Agency of the European Union measures low pay as ‘those employees earning two thirds or less of the national median earning’. In 2010, at 20.7% Ireland (Republic) had the 10th highest rate of low pay as measured by Eurostat. By contrast, Sweden had a rate of 2.5% while Latvia had 27.8%. The EU27 average was 16.9%.  Who are the low paid and where are they in Ireland?  In our most recent Quarterly Economic Observer (Spring 2014) we have shown how low pay, in Northern Ireland, is concentrated in particular sectors (Hotels, Restaurants and Retail) and among particular groups (young, female, part-time). In the case of the Republic of Ireland the most recently available data on the distribution of hourly pay relates to the year 2009 as measured in the National Employment Survey.  Arising from a special request to the CSO special tabulations have been prepared. These indicate the following:

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Permanent link | Categories: JobsWages

Long-term unemployment stable as a share of total unemployment

Posted on April 30, 2014 by Rory O'Farrell

long term unemployment - Long-term Unemployment Trends (Republic of Ireland)
Long-term Unemployment Trends (Republic of Ireland)

Long-term unemployment has remained largely stable as a percentage of total unemployment over the past year. As total unemployment has been declining this means the number of long-term unemployed is also decreasing. As the proportion is largely stable it means that the long-term unemployed are not being left behind, nor are they in the vanguard of any recovery. Also, some long-term unemployed may leave unemployed status by moving into employment, retirement, education, or emigration (but the publicly available data does not allow one to show which reason is dominant).

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Permanent link | Categories: Jobs

On the Generosity of Ireland's Welfare System

Posted on April 23, 2014 by Micheál Collins

OECD Replacement Rates 2

Earlier this week, the OECD launched their preliminary review of the Government’s Action Plan for Jobs. The review rightly complements the significant labour market progress of recent years – a point we highlight in the most recent NERI Quarterly Economic Observer. There we anticipate unemployment will continue to fall reaching 10.2% by 2016.

Although the document itself (link below) does not point towards the Irish welfare system as being ‘generous’, some media reports have suggested it does. However, it is worth examining any such claim on the basis of the data available to us.

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Permanent link | Categories: IncomeJobsLabour costsWages

Funding Options for Higher Education

Posted on April 16, 2014 by Daragh McCarthy

HigherEd2

The April NERI seminar took place this afternoon in the INTO Learning Centre. Tom Healy provided an overview of a recent paper, co authored with Austin Delaney, " We need to talk about Higher Education ". The paper argues the current model of funding for higher education is unsustainable. It outlines a range of financing options that could be utilised before concluding that a publicly funded system is the option that can best safeguard the contribution of Higher Education to economic development. A copy of the slides used in the presentation are available here.

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Permanent link | Categories: InvestmentJobs

Mixed signals from the NI Labour Market

Posted on April 16, 2014 by Paul Mac Flynn

As with buses, in Northern Ireland you wait and wait for economic statistics and then two come at once. Today the figures for the Northern Ireland Composite Economic Index were released. The NICEI is the latest attempt by statisticians to come up with a figure for economic growth in Northern Ireland. Today we learnt that in the final quarter of 2013 growth was +0.6%, marginally below the +0.7% recorded for the UK for the same period. The main increase came from the services sector, while the main decrease came from construction. There is nothing particularly surprising in these figures, it more or less confirms trends most of us are aware of. The main point to take from these figures is that while UK GDP is now 1.5% below where is it was before the recession, Northern Ireland is still 11.2% below its peak. All growth is welcome, but Northern Ireland has some way to go and we would want to pick up the pace.

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Permanent link | Categories: JobsNorthern Ireland

Improving women's access to the labour market could create 65,000 jobs

Posted on April 08, 2014 by Rory O'Farrell

A new paper (available here) highlights some of the most prominent features of the Irish labour market; a polarised labour market with relatively low labour market participation for women. The implication for this is that, by increasing labour market access for women, roughly 65,000 jobs could be created.

Overall in Ireland there are a high proportion of those in employment with a third level degree and the low level of labour market participation for women aged 35 and over, in particular such women without a third level education. Policies directed at enabling such women to participate in the labour market have the ability to increase Ireland’s economic potential.

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Permanent link | Categories: GenderJobsWages

Poverty, Wages and Violence

Posted on March 29, 2014 by Tom Healy

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

The publication – coincidentally – of two reports in Northern Ireland in the last week has drawn attention to the importance of wages in the Northern economy. While the reports received very extensive media coverage in the Northern media, there was very little in the South. This is regrettable as poverty, wages and community tensions constitute a triad with implications for long-term economic and social stability on the islands of Ireland and Britain. One report, entitled ‘Monitoring Poverty and Social Exclusion in Northern Ireland’, was published by the Joseph Rowntree Foundation (JRF) and drew attention to the extent of low income and the growth in poverty in Northern Ireland over the last 8 years. The other report, the NERI Quarterly Economic Observer (Spring 2014), focussed on the extent of low pay in the North. Both reports draw attention to the problem of low pay in the UK and Northern Ireland in particular. As the JRF report states: ‘Wages and hours matter, as does the distribution of work across households.’

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Permanent link | Categories: JobsNorthern Ireland Wages

1 in 4 Northern Ireland workers do not earn enough for a decent standard of living

Posted on March 24, 2014 by Paul Mac Flynn

The Nevin Economic Research Institutel published its latest Quarterly Economic Observer today Tuesday 25th March. In it, we examine the extent of low pay across Northern Ireland:

  • 25% of workers earn less than the 'Living Wage' (169,000).
  • 17% are officially classified as low paid (115,000) and 9% (61,000) earn only the National Minimum Wage or less.
  • Young people, women and those in part-time work are most at risk
  • Upper Bann, North Antrim, East L'Derry and Newry & Armagh are hotspots for low pay.
  • Low Pay is widespread in sectors such as Accommodation, Food, Retail, Residential and Social Care.

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Permanent link | Categories: InequalityJobsLiving wageNorthern Ireland Wages

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