Ireland was hit particularly hard by the global financial crisis, with severe impacts on the labour market. The unemployment rate increased dramatically, and the labour force participation rate declined by four percentage points between 2007 and 2012. Outward migration re-emerged as a safety valve for the Irish economy, helping to moderate impacts on unemployment via a reduction in overall labour supply. As the crisis deepened, long-term unemployment escalated, creating significant policy challenges. Overall unemployment has been dropping rapidly since 2013, but remains above its pre-crisis level.
ESRI Series Number: 201801 Research Area:Labour Markets and Skills Date of Publication: January 3, 2018 Published Online: January 03, 2018 Publisher: IZA World of Labor Place of Publication: Bonn, Germany View External Link
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