Economic impact of the COVID-19 pandemic in the Republic of Ireland

The COVID-19 pandemic has had a deep impact on the Irish economy, leading it into a recession. Essential public health measures announced by the Irish Government to contain the spread of COVID-19 resulted in the largest monthly increase in unemployment in the history of the Republic of Ireland during March 2020.[1][2] By 24 April, there were more than one million people in receipt of support interventions to the labour market, including those in receipt of the COVID-19 Pandemic Unemployment Payment and the COVID-19 Temporary Wage Subsidy Scheme.[3][4] While there were job losses in all sectors, individuals working in tourism, hospitality, food and retail have seen the largest job losses.[5][6]

  1. ^ "Statement by Minister Doherty on the Monthly Unemployment Figures for March 2020". gov.ie. Department of Social Protection. 9 April 2020. Retrieved 29 October 2020.
  2. ^ "Covid-19 adjusted monthly jobless rate soars to 16.5% in March". RTÉ News and Current Affairs. 9 April 2020. Retrieved 29 October 2020.
  3. ^ Power, Jack (20 April 2020). "Coronavirus: Over one million people now receiving State income support". The Irish Times. Retrieved 29 October 2020.
  4. ^ "Over one million now dependent on State income support". RTÉ News and Current Affairs. 20 April 2020. Retrieved 29 October 2020.
  5. ^ "The Initial Impacts of the COVID-19 Pandemic on Ireland's Labour Market" (PDF). gov.ie. Department of Social Protection. Retrieved 29 October 2020.
  6. ^ "The Initial Labour Market Impact of COVID-19" (PDF). centralbank.ie. Central Bank of Ireland. May 2020. Retrieved 29 October 2020.

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