New CSO figures reveal negative job creation in 2010

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

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.

CSO: Women are more highly qualified than men – but still earn less>

Eurozone unemployment hit an all-time high at the end of last year>

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