The release of the Q3 QNHS from the CSO allows us to update this post. Here is the clincher.
The halves of the Irish economy continued in an apparent happy co-existence until the middle of 2007. Since then the performance could not be more different. One has survived the current crisis relatively unscathed in terms of numbers employed. The other has shed nearly 300,000 jobs.
The employment gap between these halves of the Irish economy was just 26,100 in Q1 2008. By Q3 2010 this gap was 309,700. The Irish economy has seen employment fall by almost 300,000 and 98% has been seen in just one half of the economy.
Here we present a breakdown of the sectors that form this halves of the Irish economy. Data from the Earnings, Hours and Labour Costs Survey released today by the CSO is also presented.
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This is a very instructive chart.
ReplyDeleteI do question one piece of data. That is the fall in the Agri/Forestry/fisheries. Agri did well in 2010. Could it be that forestry employment has fallen. If so what a stupid move. There is huge scope for employment in forestry. Perhaps the cuts are to timber processing for the building industry. These jobs should have been replaced by planting more timber.
Hi Tumbrel,
ReplyDeleteThe table compares Q1 2008 with Q3 2010 so while Agriculture, Forestry and Fisheries may done somewhat better in 2010 a lot of the fall is due to changes in 2008 and 2009. Financially, the agriculture may have had a good 2010 as prices of risen but this has only resulting in a stabilising if employment rather than an increase.
I haven't seen a breakdown of the constituent elements of category and it would be instructive to see the individual patterns in the agriculture, forestry and fisheries sectors.