Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Beggs:
For instance, one of the things that was absent from the information given to us was, well, what's the change in employment as a result of this, because when the economy shrinks, it is possible to get an increase in unemployment simply because the labour supply keeps rising and you lose no jobs. So, you had to understand what actually happened. The model would give you a consistency to this.
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