Dáil Éireann Debate, Tuesday - 27 March 2018
207. Deputy Bernard J. Durkan asked the Minister for Finance the estimated number of jobs projected to be created within the economy over the next five years; and if he will make a statement on the matter. [14238/18]
Amharc ar fhreagraMy Department's most recent macroeconomic forecasts were published with Budget 2018 in October last year, and cover the period up until 2021. The table sets out the total employment projections from these forecasts.
Overall, it is forecast that approximately 115,000 net additional jobs will be created over the period from 2018 to 2021. For this year, employment growth of 2.3 per cent (approximately 48,000 jobs) is projected. For next year, employment gains of 2.1 per cent (approximately 44,000 jobs) are also anticipated. Over the remaining two years of the forecast horizon to 2021, employment growth of 1.7 per cent on average per annum is projected (equivalent to an average of approximately 36,000 jobs per year).
|
2018 |
2019 |
2020 |
2021 |
|
|
Employment (%) |
2.3 |
2.1 |
1.8 |
1.6 |
|
Employment (‘000s) |
48 |
44 |
38 |
34 |
Source: Department of Finance
These forecasts will be updated in the 2018 Stability Programme Update which will be published in April. The updated forecasts will take into account the latest developments, including revisions to the labour market data arising from the new CSO Labour Force Survey.
Question No. 210 answered with Question No. 87.
