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:

That is beyond doubt. I can give the Deputy very rough rules of thumb for quantifying the figure he is seeking. On a survey basis, there are approximately 300,000 unemployed in the country. The labour force is in the region of 1.85 to 1.9 million. Simply adding 68,000 to the numerator would allow one to work out the rate.