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The Learning & Development Institute, founded in 1969, is the professional body representing members concerned with Learning and Talent Development in Ireland.

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Reaction to Budget 2022

By Gerard Walker, Future Jobs-Skills-Work Insights

The Department of Finance expects that the Covid-19 adjusted unemployment rate, which includes everyone on the Pandemic Unemployment Payment, will fall to 9.25% this year. This is down from the peak of 19% recorded at the height of the pandemic. The jobless rate is expected to fall to 6.5% by the end of 2022. The number at work is expected to increase by 8% in 2021 with 150,000 jobs added and by 13% in 2022 with some 275,000 jobs projected to be added. This rebound would result in the numbers in employment reaching around 2.35 million which would be a return to pre-pandemic levels. The Employment Wage subsidy scheme is to remain in place in a graduated form until the end of April. The Pandemic Unemployment Payment scheme is due to end two months earlier than this.

In relation to skills development, which will be of particular interest to IITD members, the Budget will fund additional upskilling and reskilling opportunities tofalse

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