Job Creation and Destruction in Recession
This note provides an update on rates of job creation and destruction in the light of the dramatic slowdown in the economy. Firm-level data on employment changes has been collected by Forf´as for almost forty years and allows us to compare the current rates of job turnover to those in previous recessionary episodes. The speed of the slowdown in job creation and increase in job destruction are found to be unprecedented, although the total decline in employment was greater in the 1980s. Higher rates of job destruction were particularly evident in smaller and in Irish-owned firms. Net falls in employment were observed in almost all sectors. We show however that jobs also continued to be created across the economy, albeit at a slower pace than previously.
|Date of creation:||Jan 2012|
|Date of revision:|
|Contact details of provider:|| Postal: P.O. Box No. 559, Dame Street, Dublin 2|
Phone: (01) 671 6666
Fax: (01) 671 6561
Web page: http://www.centralbank.ie
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Konings, Jozef, 1995. "Job Creation and Job Destruction in the UK Manufacturing Sector," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 57(1), pages 5-24, February.
When requesting a correction, please mention this item's handle: RePEc:cbi:ecolet:01/el/12. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fiona Farrelly)
If references are entirely missing, you can add them using this form.