Will the IT sector reduce unemployment?

In November, the CSO re-estimated historical estimates of employment. This has caused to seasonally adjusted peak to now be place in Q1 2008 rather than in 2007.
 
Fundamentally the picture remains the same. There has been a sectoral shift in employment with construction hit particularly badly. There has been an increase in employment (of about 6,300 people) in the Information and Communication sector, but the amount is too small to make a big dent in unemployment.
 
For more information see the latest edition of the NERI's Quarterly Economic Facts document. Indicator 1.2a shows the sectoral change in employment.