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Posts in the "Jobs" category

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 been looking for work for a long period of time—with 24,000 young people on the live register for one year or more.

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Permanent link | Categories: Jobs

Unemployment falls, but at a slower rate

Posted on June 05, 2014 by Rory O'Farrell

Rory1 - Rory O'Farrell
Rory O'Farrell

The latest CSO data shows a stabilisation in unemployment rates when compared to the previous month. The standard unemployment rate is currently at 11.8% for May, identical to the rate in April, and 12.0% for the period January to March. This is equivalent to roughly 4,300 less people unemployed.

Though the rate has continued to decline, it is declining at a slower pace than previously. A decline of 0.2% per quarter means it will take 8 and a half years (or autumn 2022) before unemployment reaches 5%.

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Permanent link | Categories: JobsMacroeconomics

Jobs, Wages, Homes

Posted on May 30, 2014 by Tom Healy

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

Following 6 years of declining or stagnant living standards many people are wondering what the future holds. The gathering crisis of accommodation and social housing has caught many by surprise. While there has been a welcome pick up in employment and a very modest fall in unemployment these changes are tentative and it remains to be seen how fast we can move towards single-digit unemployment figures. Under-employment, unemployment, precariousness and poor-quality work experience are widespread and they impact on young people in particular.

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Permanent link | Categories: Government SpendingInvestmentJobsTaxationWages

Employment creation slows to 1,700 as lone mothers left behind

Posted on May 26, 2014 by Rory O'Farrell

employment - Quarterly changes in employment (seasonally adjusted)
Quarterly changes in employment (seasonally adjusted)

In somewhat disappointing results (seasonally adjusted) employment grew by only 1,700 jobs in the first quarter of the year. In many ways 2013 can be seen as a blip in terms of job creation as various temporary factors (such as 'The Gathering', self-employed workers moving off Jobseekers Benefit payment, and a temporary bounce following the stabilisation of the economy) came together. That employment in the accommodation and food sector has remained stable can be viewed positively given the end of the boost received by 'The Gathering'.

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Permanent link | Categories: GenderJobsMacroeconomics

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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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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