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  • 01-09-2011 8:23am
    #1
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭


    2r61ea0.jpg

    august 2011

    So much for turning corners...


Comments

  • #2
    sarumite
    Registered Users, Registered Users 2 Posts: 2,909 ✭✭✭sarumite


    Well if you turn three corners your back where you started.


  • #3
    swampgas
    Registered Users, Registered Users 2 Posts: 3,588 ✭✭✭swampgas


    Well at least it's a very flat curve, and not growing very fast. It would be nice if it were going down - however I thought conventional wisdom(*) was that there is very long lag between economic recovery and any drop in unemployment?

    So that this in itself doesn't mean that the economy itself is still deteriorating?

    (*) Read it here somewhere :-)


  • #4
    sarumite
    Registered Users, Registered Users 2 Posts: 2,909 ✭✭✭sarumite


    swampgas wrote: »
    Well at least it's a very flat curve, and not growing very fast. It would be nice if it were going down - however I thought conventional wisdom(*) was that there is very long lag between economic recovery and any drop in unemployment?

    So that this in itself doesn't mean that the economy itself is still deteriorating?

    (*) Read it here somewhere :-)

    According to the economist, you usually need at least 2% gdp for every 1% of employment or something like that.


  • #5
    swampgas
    Registered Users, Registered Users 2 Posts: 3,588 ✭✭✭swampgas


    I guess I was too lazy to google earlier. Here's a graph that google threw up, on: http://seekingalpha.com/article/242753-employment-growth-lags-gdp-in-recoveries

    saupload_recessions_job_growth.png

    The 2001 graph seems to show that employment still had not recovered after three years, even though GDP had grown by over 6%.

    I guess we might have to wait to see sustained GDP (GNP?) growth in Ireland before we can start hoping for employment to pick up significantly.


  • #6
    rumour
    Closed Accounts Posts: 836 ✭✭✭rumour


    ei.sdraob wrote: »
    2r61ea0.jpg

    august 2011

    So much for turning corners...

    Just wondering why the equality brigade are not all over this. Is government policy discriminating against males!!!!

    Surely they must be the priority in the forthcoming budget. I think the policy will be for them to emigrate.


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  • #7
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    rumour wrote: »
    Just wondering why the equality brigade are not all over this. Is government policy discriminating against males!!!!

    Surely they must be the priority in the forthcoming budget. I think the policy will be for them to emigrate.

    Well males were dominant in the construction industry which collapsed. Female unemployment is now on the rise and male unemployment appears to be holding steady in this report.

    It would be interesting to find out what the major job roles being let go are at the moment though.


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