Four in 10 businesses that received Covid supports have added jobs since 2020

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Four in 10 businesses that received Covid supports have added jobs since 2020 but pandemic saw almost four in five younger workers moving employer, according to CSO stats

Incidence of employee “churn” over the period was notable in the accommodation and food services sector, which also had the largest proportion of employees in receipt of PUP over the course of the scheme. Fewer than 34 per cent of workers in the sector who received the PUP payment were in the same job in the second quarter of this year compared with almost 48 per cent of workers who received the employee wage subsidy scheme or the temporary wage subsidy scheme.

The information and communication sector had the highest rate of churn, the CSO said, with just 25.4 per cent in the same primary employment. Young workers, those aged between 20 and 24, were the age cohort least likely to be in the same employment two years into the pandemic at just 21.9 per cent. That compared with 55-59-year-olds, 59.5 per cent of whom were in the same primary employment as at the outset of the Covid crisis.

 

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