Thursday, 10 May 2018

Ceisteanna (72)

Jonathan O'Brien

Ceist:

72. Deputy Jonathan O'Brien asked the Minister for Finance the projected increase or demand for workers and employees due to demographic changes for the years 2018 to 2028. [20703/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

My Department's most recent macroeconomic forecasts were published with the Stability Programme Update 2018 in April, and cover the period up until 2021. The following table sets out the total employment projections from these forecasts.

Overall, it is forecast that approximately 135,000 net additional jobs will be created over the period from 2018 to 2021. For this year, employment growth of 2.7 per cent (approximately 60,000 jobs) is projected. For next year, employment gains of 2.3 per cent are also anticipated. Over the remaining two years of the forecast horizon to 2021, employment growth of 1.8 per cent on average per annum is projected.

 

 2018

 2019

 2020

 2021

 Employment (%)

 2.7

2.3

1.9 

 1.7

Source: Department of Finance

The updated forecasts take into account the latest developments, including revisions to the labour market data arising from the new CSO Labour Force Survey and projected demographic changes over the period to 2021.