Saturday 10 December 2016

State almost back to pre-crash employment

Published 27/09/2016 | 02:30

The total number of jobs in the economy is now 94pc of what it was on the eve of the crash. Bloomberg
The total number of jobs in the economy is now 94pc of what it was on the eve of the crash. Bloomberg

The total number of jobs in the economy is now 94pc of what it was on the eve of the crash, a think-tank has said.

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That means we're almost back to pre-crash employment levels, according to the data from the Nevin Economic Research Institute (Neri).

But there are regional disparities. Neri said the best performing region since 2008 is Dublin, which is at 96.8pc of its total employment in mid 2008.

The worst performing at 89.2pc is the West, which includes Galway, Roscommon, and Mayo. The Mid-West, which takes in Limerick, Clare and North Tipperary, is at 90.5pc.

Dr Tom McDonnell, Neri senior economist, said some small towns may never recover.

"For Limerick, Galway and Cork, I believe those three cities will begin to recover, and are already starting to recover.

"I think it's going to be much more difficult for regional towns, the Athlones, Tralees, places like that. They'll find it much more difficult, and some of them won't ever recover," he said.

Irish Independent

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