Oireachtas Joint and Select Committees
Tuesday, 8 October 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Macroeconomic Forecasting: Discussion with Department of Finance
7:50 pm
Mr. John McCarthy:
One would need to see a dramatic change in year-on-year terms to reach that conclusion. It is not the case that all the people on those schemes classified themselves as unemployed in the first quarter of last year and subsequently classified themselves as being in employment in the first quarter of this year. There is a level versus rates of change issue here which will not be fully captured. In short, the rate of increase in employment cannot be explained by that particular sampling issue.
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