Our aim is to have the best education and training service in Europe by 2026. Accurate information is essential to developing the policies needed to achieve this. The National Skills Bulletin is an important source of up to date information which can help guide progress in this area.
Since the crash which wiped out 20% of private sector jobs in a short few years, there has been a strong recovery in job opportunities. Over the five years from 2012 to 2017, an extra 228,000 jobs have been created; unemployment has fallen from 15.1% to 6.1%. We are seeing evidence of a strong, stable economy with youth unemployment, involuntary part-time working and other similar indicators in decline while participation rates are rising and net inward migration has started again.
Ireland continued to experience a strengthening labour market during 2016 with further improvements in a number of labour market indicators:
▪ the labour force increased by almost 26,000 (annual average)
▪ the participation rate increased by 0.3 percentage points to 60.3% (annual average)
▪ employment increased by over 56,000 (annual average)
▪ the employment rate increased by 1.5 percentage points to 64.8% (annual average)
▪ the unemployment level declined by over 30,000 (annual average)
▪ the unemployment rate declined by 1.6 percentage points to 7.9% (annual average)
▪ the long term unemployment rate declined to 3.6% (quarter 4)
▪ the broad unemployment measure (combining unemployed and part-time underemployed persons) declined to 10.9% (quarter 4)
▪ the youth unemployment rate and inactivity rate also declined between 2015 and 2016
▪ the number of persons in part-time employment who were underemployed decreased by over 12,000 (quarter 4)
▪ inward migration exceeded outward migration resulting in positive net migration of 16,200 persons
▪ the total number of redundancies declined to 4,313, compared to 77,000 in 2009.