Posts in the "Jobs" category

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.

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Permanent link | Categories: IncomeJobsLabour costs

UK Autumn Statement fails to tackle underlying problems

Posted on December 05, 2013 by Paul Mac Flynn

In the Autumn Statement today the Office for Budget Responsibility has upgraded forecasts for growth in the UK economy from 0.6% to 1.4% for 2013. Furthermore they have upgraded forecasts for 2014 and 2015 to 2.4% and 2.2% respectively. While much attention has focused on the speed of the UK recovery, the composition of any such recovery matters just as much. The first point to make is that while GDP growth appears to be growing again, it follows a long period of stagnation from mid-2010 to mid-2013. The absence of growth for nearly 3 years means that the level of UK GDP is still some 2.5% below its pre-crisis peak. Fiscal austerity smothered the beginnings of a recovery in 2010, and the UK economy is only now experiencing what by historical standards is modest GDP growth.

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Permanent link | Categories: Government SpendingJobsMacroeconomicsNorthern Ireland Taxation

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).

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Permanent link | Categories: 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 force has increased (meaning the unemployment would be lower only for people re-entering the labour force). Also most of the jobs being created are full-time jobs, and underemployment has fallen.

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Permanent link | Categories: JobsLabour costs

Why we need a new deal for young people in Europe

Posted on November 18, 2013 by Tom Healy

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

While there may be grounds for celebration in the departure of An Troika, unemployment, under-employment and precarious employment is the lot of too many young people across Europe. Ireland (Republic), at 27%, is in the acute ward just behind Greece, Spain, Croatia and Portugal which, in each case, have rates of young unemployment in excess of 40% (see indicator 2.2 in the NERI Quarterly Economic Facts).

Traditional notions of youth are being re-defined to include adults who are reaching 30 and still living at home or elsewhere without ‘a proper job or prospects’ – in some cases doing course after course to enhance their CVs if they can avail of training.

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Permanent link | Categories: Jobs

Three reasons (at least) why we need a new Investment Bank (S+M+E)

Posted on November 11, 2013 by Tom Healy

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

Speaking at a recent conference of the Irish Small and Medium Enterprises  I outlined, in my presentation, a number of key challenges facing public policy over the coming decades and how Irish-owned small and medium-sized enterprises (SMEs) need to be facilitated in much more ambitious strategy and vision that goes beyond the laudable aim of Ireland being ‘the best little country in the world in which to do business’.

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Permanent link | Categories: InvestmentJobs

Low Pay & Low Income: some insights on ‘The Working Poor’

Posted on October 22, 2013 by Micheál Collins

Earlier this year Eurostat, the EU Statistics Agency, released data on the number of low-paid workers in Ireland and across the EU. Their analysis defines low-earnings in relative terms measured as those earning two thirds or less of the national median gross hourly earnings. Median earnings are the earnings of the middle worker in the distribution of workers from the lowest earner to the highest earner. The data is from the 2010 Structure of Earnings Survey, a survey that occurs every four years across the EU.

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Permanent link | Categories: IncomeInequalityJobs

Once again, Unemployment not the full picture

Posted on October 16, 2013 by Paul Mac Flynn

Figures released today showed a further drop in unemployment of 5,000 in Northern Ireland over the last three months, bringing the unemployment rate down to 7.3% as opposed to 7.7% for the UK as a whole. While some may take comfort from these figures, as this blog has pointed out before, the full suite of labour market indicators need to be taken into account.

Once again the drop in unemployment has been accompanied by a further decline in those economically active and an even larger increase in the numbers economically inactive. In fact there was a decline in the numbers employed of 1000 for Northern Ireland over the same period.

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Permanent link | Categories: JobsNorthern Ireland

Long-term unemployment stable as a share of total unemployment

Posted on September 30, 2013 by Rory O'Farrell

long term unemployment graph - Long term unemployment as a percentage of total unemployment
Long term unemployment as a percentage of total unemployment

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 that the long-term unemployed are being left behind. However the stability shows that the long term unemployed are exiting unemployment at the same rate as others (though it is unclear whether they are generally taking up new jobs, exiting the labour force, or migrating).

More information on long-term unemployment can be found in indicator 2.3 of the latest Quarterly Economic Facts.

Permanent link | Categories: Jobs

Northern Ireland economy

Posted on September 11, 2013 by Tom Healy

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

The annual Northern Ireland Economic Conference took place yesterday in Belfast. Typically it is one of the main annual events in Northern Ireland where senior policy makers, academics and business interests gather to debate and consider the major economic issues confronting us. While the balance of speakers and input left much to be desired the Conference provides participants with an opportunity to access information and policy debates.

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Permanent link | Categories: InvestmentJobsNorthern Ireland

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