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Median pay now at €593 a week – 50% above and below

Posted on November 19, 2019 by Gerald Flynn

Half of employees in Ireland were earning over €592.60 a week in 2018 according to new data from the Central Statistics Office (CSO) using Revenue Commissioners’ data. This median or ‘middle’ figures compares with mean average weekly earnings of €740.63. So half (50%) of all employees were earning less than €593 due to working fewer hours or being employed in low-pay sectors like hospitality and retail.

CSO satistician Morgan O’Donnell said: “After a period of relatively stable earnings from 2011-2015, there have been steady increases in earnings in each of the last three years. Median weekly earnings increased by 1.7%, 2.8% and 2.9% in 2016, 2017 and 2018 respectively.”

Looking at average earnings by county, Dublin, had the highest median weekly earnings in 2018, at €645.78. This was 9.0% higher than the average for the State and 36.5% higher than the median weekly earnings for Donegal which was the lowest earning county, at €473.12.

The CSO data also shows the distribution of earnings. In 2018, over one-quarter (28.7%) of all workers earned less than €400 per week. Jobs earning between €400 and €800 per week accounted for 39.4% of all employments. Almost a third (31.9%) of all employments earned more than €800 per week, while 6.5% of employments earned €1,600 or more per week (over €83,000 a year).

Much of the disparity is reflected in that one-quarter (23%) of information and communications employees earned more than €1,600 a week. Over two-thirds of hospitality workers (68%) eared below €400 a week but they worked fewer hours on average. This is who hourly rates of pay often provide a more accurate comparison of real earnings.

Youth unemployment still a big problem at 12.5%

Posted on December 11, 2019 by Gerald Flynn

Unemployment has continued its steady decline to 117,000 and it set to dip below 100,000 in 2020. But jobs for those under 25 are still scarce with school-leavers and recent college graduates experiencing 12.5% joblessness.

About 45,000 new jobs were created in the past year with 2.33m people now at work on the back of high economic growth over the past five years. In 2012 overall unemployment was over 16% and is now at 4.8% – the lowest level since 2007.

Even with an additional 37,000 coming to live in Ireland over the past year, the labour market is tightening. One area of potential additional employees is among women whose participation rate remains below that of the economic asset bubble years. This is party due to scarce and expensive childcare costs in Ireland and a lack of state childcare supports common in many western European states.