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Labour market recovery after a pandemic

Author

Listed:
  • Boyd, Laura

    (Central Bank of Ireland)

  • Byrne, Stephen

    (Central Bank of Ireland)

  • Keenen, Enda

    (Central Bank of Ireland)

  • McIndoe Calder, Tara

    (Central Bank of Ireland)

Abstract

Growth in employment in recent quarters has been mainly supported by women over 35 and young people. This reflects underlying trend improvements in participation, as well as the strength of the economic recovery. Currently, we find limited evidence of structural changes due to the pandemic. Employment gains have supported economic growth and earnings have risen. As the labour market tightened in the 2021 recovery period, relatively larger increases in earnings were recorded for women, younger workers and those who changed employer. With the economy currently experiencing tight labour market conditions, policy actions to support additional sustainable employment growth will be important to avoid wage developments decoupling from productivity.

Suggested Citation

  • Boyd, Laura & Byrne, Stephen & Keenen, Enda & McIndoe Calder, Tara, 2022. "Labour market recovery after a pandemic," Quarterly Bulletin Articles, Central Bank of Ireland, pages 89-129, July.
    • Handle: RePEc:cbi:qtbart:y:2022:m:07:p:89-129
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    References listed on IDEAS

    as
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