Yesterday's QNHS results for 2Q 2011 confirmed the continuation in the trend weaknesses in Irish labour markets, with some moderation in the rate of deterioration qoq.
Per CSO: "There was an annual decrease in employment of 2.0% or 37,800 in the year to the second quarter of 2011, bringing total employment to 1,821,300. This compares with an annual decrease in employment of 2.9% in the previous quarter and a decrease of 4.1% in the year to the second quarter of 2010."
Other core stats and changes are:
- The annual decrease in employment of 2.0% is the lowest annual decline since 3Q 2008.
- On a seasonally adjusted basis, employment fell by 3,200 (-0.2%) in the quarter. This follows on from a seasonally adjusted fall in employment of 7,200 (-0.4%) in Q1 2011. The 2Q 2011 fall in employment is the lowest quarterly decrease recorded in the seasonally adjusted series since 1Q 2008.
- The largest decrease in employment over the year was recorded for the 25-34 year age group (-27,500 or -5.0%). A reduction of 21,100 was also recorded for the 20-24 age group (-15.0%). Numbers in employment are now down 324,900 on the peak attained in 4Q 2007.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVUnXWmRIvXrW3lMBpeANvurIHrGtM-VEXDA8ohcM-sY_5zJ0upwq1dXu8CHsA1h7tr1vg-VQc_Vbr7m9J-wNNWt4SkLCNAOQ1k9vVwowfrwSnHh2MADs0vBlyLDB-5X25ukIeMJ_M6b60/s280/Screen+shot+2011-09-16+at+22.51.24.png)
Unemployment rose 10,900 (+3.7%) in the year to 2Q 2011 with 304,500 now unemployed (male unemployment increasing by 5,600 (+2.8%) to 205,700 and female unemployment increasing by 5,200 (+5.6%) to 98,800). The unemployment rate increased from 13.6% to 14.3% yoy in 2Q 2011.
The long-term unemployment rate increased from 5.9% to 7.7% over the year to Q2 2011. Long-term unemployment accounted for 53.9% of total unemployment in Q2 2011 compared with 43.3% a year earlier and 21.7% in the second quarter of 2009.
The seasonally adjusted unemployment rate increased from 13.9% to 14.2% over the quarter.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4vFz7pzD5Jfj46j84xYoufGKaJfty00JJuxIOW808rdFycVmdn6ETiNhKISFriJYeHoloZxIEoBg1OxLIZ6noj8c4jdXZzFNTHceSzehyphenhyphen-7NPubKNFK8V0q8vVcfnDbV7i-Dl8l0mSUys/s280/Screen+shot+2011-09-16+at+22.52.12.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIEfpCkiFaEyQazkqJzb8zYY6-pG2Dgiq0RCWa2Oq01tGqqIeANIkjW8EWr2VuKFhDQ5HDk_K5KyS9XMNnlv0bkztuUbXxcjFTEP5-P_5XEJI9B63TtSLqXNHLYNf706UMO4jGXIM0E32X/s280/Screen+shot+2011-09-16+at+22.51.40.png)
Part-time underemployment (a form of unemployment, really) increased by 23,000 (+20.9%) from 110,100 to 133,100 over the year. Part-time underemployment now represents just under one-third (31.3%) of total part-time employment, up from 26.8% a year earlier. Among males, part-time underemployment is close to half of total part-time employment (46.7%), up from approximately 42% a year earlier. For females the comparative proportion is one quarter (25.0%), but as with males this proportion has been increasing over time.
Now to the frightening number: combined unemployed and underemployed part-timers now stand at a frightening 434,700 or 20.5% of the labor force. This number is up from 400,300 a year ago (+8.6%).
So, on the net we have:
- flattening out of the unemployment increases curve, but continued increases, nonetheless
- flattening out of labor force decreases rate, but continued declines in labor force
- increasing share of employment taken up by part-time employed
- increasing share of long-term unemployed and underemployed in the labor force.
And LR confirms this diagnosis:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdx075yeFlgRuFaGyfha_UYxlrGMTSZK8HsuZb2Gbb_-RpPxSf7quh2pWVYJgFkgQXyV9cgGK2bbZ7Qtwkjp3XLksfKM_ZGJxIJ8f-yKodhAKLgWrkdz6KCcs121HGErgqg5Gk0JjUP4HX/s280/Screen+shot+2011-09-16+at+22.54.29.png)
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