Labour market recovery after a pandemic

Laura Boyd, Stephen Byrne, Enda Keenan and Tara McIndoe Calder
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Laura Boyd: Central Bank of Ireland
Tara McIndoe Calder: Central Bank of Ireland

Quarterly Bulletin Articles, 2022, 89-129

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.

Date: 2022-07
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