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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%.
A list of "high risk" countries for international travel was published by the Government on 26 January 2021, which included Brazil and South Africa. [235] All people travelling into Ireland from the countries on the list would be required to quarantine at a hotel for a period of 14 days. [236]
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]
Dysfunctional turnover occurs when a high-performing employee leaves the organization. [2] Dysfunctional turnover can be potentially costly to an organization, and could be the result of a more appealing job offer or lack of opportunities in career advancement.
The following list of countries by labour productivity ranks countries by their workforce productivity. ... Ireland: 116.7: 162.5: 2022
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 ...
A labour strike is a work stoppage caused by the mass refusal of employees to work. This can include wildcat strikes , which are done without union authorisation, and slowdown strikes , where workers reduce their productivity while still carrying out minimal working duties.
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]