Unemployment reaches 14.7 percent

Permabear

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ei.sdraob

I posted same time

cso linkie here plenty of interesting graphs

seems like someone was fudging stats before election

RichardAnd

Permabear wrote: »

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What was the unemployment peak in the 80s? Around 18%?

Permabear

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RichardAnd

Permabear wrote: »

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Sh!t

ei.sdraob

Michael Hennigan - Finfacts Says wrote:

Employment fell 64,500 in the year which is equivalent to the level of total unemployment in 1973 - - obviously related tto a smaller workforce.

I am not sure where he got the figures about 1973 checking now if CSO have any stats going back that far

lmimmfn

im sure it will be 20% within the next 2 years, we have banks to pay for and no money for employment

ilovesleep

And there isn't a hope in hell that figure will ever reduce

ferike1

People keep emigrating and the unemployment rate will drop! Problem solved!

hinault

RichardAnd wrote: »

What was the unemployment peak in the 80s? Around 18%?

We're at 1983 unemployment levels (circa 14%).

I think 1986 and 1987 the country hit 17% unemployment rate.
I never thought I would see a return to those days :rolleyes:

Slydice

wow, isn't it amazing how the figures seemed to be going down before the election

colour me surprised:rolleyes:

snickerpuss

How do they factor in people who aren't on the dole but are unemployed? Ie - I know one person who hasn't worked in 3 years but isn't entitled to anything cos her fiance earns too much and my 20 year old brother wouldn't get anything cos my parents earn too much. Are these people taken into account?

jimmycrackcorm

ferike1 wrote: »

People keep emigrating and the unemployment rate will drop! Problem solved!

As it was in the 80's.

ei.sdraob

snickerpuss wrote: »

How do they factor in people who aren't on the dole but are unemployed? Ie - I know one person who hasn't worked in 3 years but isn't entitled to anything cos her fiance earns too much and my 20 year old brother wouldn't get anything cos my parents earn too much. Are these people taken into account?

yes see link above to cso

Taxi Drivers

Male full-time employment is now back to 1998 levels. Ten years of growth given up in three years.

Anonymous1987

snickerpuss wrote: »

How do they factor in people who aren't on the dole but are unemployed? Ie - I know one person who hasn't worked in 3 years but isn't entitled to anything cos her fiance earns too much and my 20 year old brother wouldn't get anything cos my parents earn too much. Are these people taken into account?

Yes the Quarterly National Household Survey measures unemployment regardless of whether someone is receiving state benefits or not. The Live Register on the other hand only measures those on unemployment benefit whether working part-time or not and excludes people who don't qualify for these. The media often reports the Live Register figures as a measure of unemployment however this is incorrect, only the QNHS is a measure of unemployment.

hedzog

hinault wrote: »

We're at 1983 unemployment levels (circa 14%).

I think 1986 and 1987 the country hit 17% unemployment rate.
I never thought I would see a return to those days :rolleyes:

all we need now is interest rates up around 18% to make things complete ,and maybe a few moving statues

ferike1

Taxi Drivers wrote: »

Male full-time employment is now back to 1998 levels. Ten years of growth given up in three years.

It wasn't real growth, it was internal money spinning.

hedzog

hedzog wrote: »

all we need now is interest rates up around 18% to make things complete ,and maybe a few moving statues

High interest rates with low borrowed capital are actually better preferable to
low interest rates with high borrowed capital.

If you borrowed 100 euro in the 80s and the interest was 18% it is better than
borrowing 1000 at 2% today!!!!!!! You pay less in the 80s!

Apartments went for half a million during the boom nevermind decent houses, a decent house in the 80s were sub 50,000 & sub 20,000 in many cases in the early 1980s.

We are far worse off than in the 1980s when it comes to private borrowing.
The level of indebtedness is astonishing in Ireland today.

Idbatterim

once there are no job losses in the PS and the croke park agreement is still in place, does anyone really care about the unemployed or private sector?

hinault

Idbatterim wrote: »

once there are no job losses in the PS and the croke park agreement is still in place, does anyone really care about the unemployed or private sector?

PS are incapable of generating wealth.

If the private sector is contracting - which it is - PS will have no choice but to contract also.

K-9

It was predicted to be 17/18% a year or 2 ago.

Tea drinker

At some stage the PS will need further adjustment. Many perks already gone but still not enough cut. Some departments headcount expanded radically and foolishly during the boom, and for *some reason* cannot be adjusted down now. The should have taken account of *some reason* before , no? The run rate for Ireland is woefully out of whaack and the hail mary approach has not worked. Fix it now or it will be unfixable.
But it's quite funny to me, back to square one, and throw another generation on the boat ! But still many people still vote FF. There is something seriously amiss with a good swathe of the populace in bad old Ireland." I'm allright Jack and screw you" type of sociopaths still abound.
I really feel sorry for the young people, it's a feckless situation for them. They are being hit very hard in this current round of unemployment. I got a taste of it myself in the 80's, not something I would want to put anyone through. Some people's work ethic (and lives) was ruined forever.

The idea that we could build a new society for ourselves got drowned out during all the mindless electioneering, will we here someone take this challenge again? To truly build our society the way we want it, not some faux sham democracy built for the uber wealthy few?

johnnyskeleton

hinault wrote: »

PS are incapable of generating wealth.

If the private sector is contracting - which it is - PS will have no choice but to contract also.

How do you figure? If, for example, aer lingus becomes highly competitive and turns a profit, does that not create wealth? If ESB international increase their market share abroad does that not increase exports? Less directly, if the Dept of Agriculture sponsors a successful scheme to improve farming output and market same abroad, does that not create wealth for the Irish economy? More generally, doesn't creating a well educated safe country with good infrastructure and low bureacracy encourage investment and innovation, which in turn create wealth?

The idea that the public sector cannot create wealth is incorrect. However, generally they are quite inefficient at doing so. Therefore, it isn't a simple case of getting the public sector to contract, rather it is a matter of it becoming more efficient.

It is a shame that the unions have misused the word efficient such that it is almost meaningless. Efficiency means that you shouldn't pay a cleaner €10 per hour if there are plenty other cleaners prepared to work for €7.65 (yes, this means that the lower paid in the public sector may actually have to be hit harder than the higher paid, not because it is fair, but because it is necessary). Efficiency also means not cutting the wages of people who justify their wages, while cutting severely the wages of those who don't. So it is possible that some parts of the public sector would get pay rises while others get cuts or are fired.

RichardAnd

Tea drinker wrote: »

At some stage the PS will need further adjustment. Many perks already gone but still not enough cut. Some departments headcount expanded radically and foolishly during the boom, and for *some reason* cannot be adjusted down now. The should have taken account of *some reason* before , no? The run rate for Ireland is woefully out of whaack and the hail mary approach has not worked. Fix it now or it will be unfixable.
But it's quite funny to me, back to square one, and throw another generation on the boat ! But still many people still vote FF. There is something seriously amiss with a good swathe of the populace in bad old Ireland." I'm allright Jack and screw you" type of sociopaths still abound.
I really feel sorry for the young people, it's a feckless situation for them. They are being hit very hard in this current round of unemployment. I got a taste of it myself in the 80's, not something I would want to put anyone through. Some people's work ethic (and lives) was ruined forever.

The idea that we could build a new society for ourselves got drowned out during all the mindless electioneering, will we here someone take this challenge again? To truly build our society the way we want it, not some faux sham democracy built for the uber wealthy few?

My prediction is that Ireland will emerge from this eventually, just like it did from the 80s. Then we'll re-elect FF, let them do what they like and in say 30 years time, we'll be back here for our next recession. I'll see you on these boards around 2040.

People should take a hard look at the country around them when they wonder who really is to blame for all of this.