Social Sciences
4 years ago

Unemployment Rate Linked to Wage Inflation: Impact on Irish Manufacturing

Unemployment, Vacancies, and"Full Employment" in the IrishManufacturing Sector. Quarterly Economic Commentary, June 1977
Brendan M. Walsh

Paper Summary

The unemployment rate in Ireland is a key measure of the job market. Different reports have set targets for what is considered full employment, with rates ranging from 2% to 4%. A study found that an unemployment rate of 3% is linked to a 4.5% increase in prices.

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