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Ireland was the first state in the eurozone to enter recession, as declared by the Central Statistics Office (CSO). [8] By January 2009, the number of people living on unemployment benefits had risen to 326,000—the highest monthly level since records began in 1967—and the unemployment rate rose from 6.5% in July 2008 to 14.8% in July 2012. [9]
Skilled vs Unskilled turnover: uneducated and unskilled employees often have a high turnover rate, and they can generally be replaced without the organization or company suffering a loss of performance. The fact that these workers can be easily replaced provides little incentive for employers to offer generous labor contracts; conversely ...
As of 2017, Belfast is Northern Ireland's educational and commercial hub. [citation needed] As of 2007, it was in the top five fastest growing regional economies in the UK. [21] In February 2006, Belfast's unemployment rate stood at 4.2%, lower than both the Northern Ireland [22] and the UK average of 5.5%.
At this point, Ireland now had the second-highest level of household debt in the world (190% of household income). [92] The country's credit rating was downgraded to "AA−" by Standard & Poor's ratings agency in August 2010 due to the cost of supporting the banks, which would weaken the Government's financial flexibility over the medium term. [93]
Download as PDF; Printable version; In other projects ... The following list of countries by labour productivity ranks countries by their workforce ... Ireland: 116.7 ...
The labour supply curve shows how changes in real wage rates might affect the number of hours worked by employees.. In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute time previously devoted for paid work ...
U.S. job openings unexpectedly increased in November, but a softening in hiring pointed to a slowing labor market. Job openings, a measure of labor demand, rose 259,000 to 8.098 million by the ...
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