Sunday 22 July 2018

Dan O'Brien: Jobs figures raise as many questions as they answer

As a result of the inclusion of a higher population baseline, there was an upward revision to the number of people at work in the economy by more than 100,000. Photo: Stock image
As a result of the inclusion of a higher population baseline, there was an upward revision to the number of people at work in the economy by more than 100,000. Photo: Stock image
Dan O'Brien

Dan O'Brien

Last week, the most important indicator on the economy was published. The latest quarterly slew of jobs market data was of particular significance. That was the case for number of reasons.

First, the population baseline for the CSO's survey included the 2016 census data for the first time.

This is important because its demographers had significantly underestimated population growth over the previous five years.

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