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Jobs need to come from sectors other than health and education

AS Europe's glacial response to the banking and debt crisis unfolds, the punishing impact which the financial debacle is having on the Irish labour market needs to be kept firmly in view.

While total employment in the economy is no longer collapsing, the decline has been unprecedented. In the last four years, total employment has fallen by just over 300,000, or almost 15 per cent. Even though the working-age population has risen, the labour supply has fallen because some people have withdrawn from the labour market altogether.


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