Latest CSO figures further evidence Fine Gael and Labour pursing two-tier economy – Tóibín
In an initial response to the CSO’s Quarterly National Household Survey figures released today Sinn Féin TD Peadar Tóibín said the data is further evidence of a developing two-tier economy both in terms of geography and income.
The Jobs, Enterprise and Innovation Spokesperson said:
“Whilst the rate of unemployment is slowly moving in the right direction there is much in the figures released today that should be of concern to government and policymakers.
“Ireland has the third highest rate of underemployment in the European Union and today’s figures tell us 127,300 workers across the state remain underemployed.
“We know from the OECD’s recent Employment Outlook report that Ireland has the second highest percentage of low-paying jobs amongst the OECD countries.
“High levels of low pay and underemployment will fundamentally undermine the sustainability of the economic recovery and is deepening inequality.
“Unemployment in the Midland and South East regions is significantly higher than the rest of the country. Dublin, Cork and the counties bordering Dublin fall slightly below the rate of unemployment for the state. This is further evidence of the two-tier economy model being pursued by the current government.
“The number of young people in employment remains a real concern with 15,400 less young people in employment since Labour and Fine Gael entered Government in 2011.
“Today’s figures show that for every job created under this government’s watch five people have emigrated.”