, 3 tweets, 1 min read Read on Twitter
Nice gains in employment, fall in unemployment, but virtually no change to labor force participation in #Ireland in 4Q 18. Crucially, by ALL broader measures of unemployment, Irish labor market has not, yet, reached 2000-2007 average levels of unemployment, 11 years post-GFC.
+ Here’s a chart for all 4 broader measures of unemployment reported by CSO, covered in policy analysis of the CBI, DofFinance et al, but virtually NEVER mentioned in the media. These show: the crisis aftershocks are still present in the Irish labor markets, but abating.
+ As an aside, if you care ab Irish data & economic analysis, Irish media is utterly useless to your pursuit, bc mainstream media can’t even cover actual CSO data, let alone extract any serious insight. You can get lots of cute cliches, anecdotes & heuristics, though.
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