Saturday, May 16, 2009

Jim O'Leary on Unemployment

Jim O'Leary on Unemployment again

1 comment:

Martin Ryan said...

Jim mentions the comment by Philip O’Connell that the pattern of change across occupations is at odds with an impression created by some media coverage, namely, that unemployment this time around has become a middle-class phenomenon.

"Yes, many middle-class people have lost their jobs since the slump started, but job losses between the fourth quarter of 2007 and last three months of 2008 were concentrated in crafts and relatively low-skilled occupations... those with the lowest levels of (educational) attainment saw the biggest employment losses (down 12 to 13 per cent year-on-year)."