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New CSO figures reveal negative job creation in 2010

The new job churn data shows that net job creation was minus six per cent.

Image: Photocall Ireland

FIGURES FROM THE Central Statistics Office show that job creation during 2010 remained in negative figures.

A new statistical product, entitled Job Churn, from the CSO shows the rate of job destruction and job creation.

During 2010, job creation increased slightly to 12 per cent, up from 9 per cent in 2009.

Job destruction fell significantly from 28 per cent in 2009 to 18 per cent in 2010.

However, that still led to negative job creation of -6 per cent.

The CSO is releasing job churn figures on an experimental basis to explore the flow of jobs and persons between firms and within and between sectors.

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