Post new topic Reply to topic  [ 527 posts ]  Go to page 1, 2, 3, 4, 5 ... 36  Next
Author Message
 Post subject: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 10:31 am 
Offline
Under CAB Investigation
User avatar

Joined: Mar 7, 2012
Posts: 2787
Location: Lovely Leitrim
Shocking rise continues

http://www.irishtimes.com/newspaper/bre ... ing23.html

_________________
If my post has been edited it's probably down to my brutal spelling.


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 10:34 am 
Offline
Too Big to Fail
User avatar

Joined: May 6, 2008
Posts: 3364
Location: the nearest faraway place
I wonder what it would be without emigration.

_________________
Fear of losing out drives the bubble, fear of losing everything drives the bust.

The sole use of money is to circulate consumable goods. Adam Smith

"History doesn't repeat itself, but it does rhyme" Mark Twain


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 10:36 am 
Offline
Of Systemic Importance
User avatar

Joined: Nov 6, 2006
Posts: 7330
Location: Australia
what has been done that actually might have improved our unemployment rate?
I can`t really think of anything


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 10:51 am 
Offline
Too Big to Fail
User avatar

Joined: Aug 21, 2009
Posts: 3865
Location: Mesopotatia
Blindjustice BATONEFFECT wrote:
what has been done that actually might have improved our employment rate?
I can`t really think of anything


FYP

_________________
The real damage is done by those millions who want to 'get by'. The ordinary men who just want to be left in peace. Those who don’t want their lives disturbed by anything bigger than themselves. Those with no sides and no causes. Those who won’t take measure of their own strength, for fear of antagonizing their own weakness. Those people who roll up their spirits into tiny little balls so as to be safe. Safe?! From what?
Sophie Scholl


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 10:53 am 
Offline
Real Estate Developer

Joined: Apr 15, 2008
Posts: 942
Blindjustice BATONEFFECT wrote:
what has been done that actually might have improved our unemployment rate?
I can`t really think of anything


I'm not sure there's anything we can do to create net new employment, to be honest.

If we end up with a balanced budget in 4 years, with unemployment still under 15%, then that's probably a result (assuming we can write off some debt, banking or otherwise, as part of the process).

We had building jobs, tax revenue and tertiary effects which were all bubble related. 15% unemployment is probably our fluff-free norm, and the best position we can hope to be in, 10 years from now, is to have steady unemployment of about 10%. Like other developed welfare states (with minimum wages etc), we simply will not be able to attract jobs for those that cannot or will not engage above a certain skill set.


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 10:55 am 
Offline
Under CAB Investigation
User avatar

Joined: Aug 27, 2011
Posts: 2001
Location: Local bubble zone
Blindjustice BATONEFFECT wrote:
what has been done that actually might have improved our unemployment rate?
I can`t really think of anything


unless we see construction increase (which accounts for a high proportion of unemployment figure) or growth of around 3% we will not see any substantial reduction in unemployment. So unemployment will remain high for a long long time

_________________
Qi hu nan xia: When one rides a tiger, it is difficult to dismount.
House prices are cyclical, no nation has ever lived through a perpetual house price expansion or contraction.
Money is a public good; as such, it lends itself to private exploitation - CP Kindleberger


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:04 am 
Offline
Speculator

Joined: May 30, 2008
Posts: 456
It won't be a popular choice with certain sections of the media, academia and various quangos, but immigration from non-EU countries to fill up non-skilled positions needs to be cut massively.

http://www.emn.ie/index.jsp?p=128&n=138

There are tens of thousands of €350-€400 a week jobs being filled by Mauritians, Bangladeshis, Turks etc which has the double-whammy effect of both taking a job from a young or low-skilled Irish person and of seeing a good chunk of their wages being remitted overseas instead of spent here.


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:11 am 
Offline
Too Big to Fail
User avatar

Joined: Aug 20, 2009
Posts: 4416
Page 6 Persons under 25 years of age on the Live Register, 2010 to 2012

High Sep 2010 87,700

Current Jun 2012 74,700

Drop 14.8%

Good old emigration of our newly qualified third level students.


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:19 am 
Offline
Under CAB Investigation

Joined: Mar 31, 2010
Posts: 2083
catbear wrote:
I wonder what it would be without emigration.


...or what it would have been without immigration.

Just as we export a lot of our unemployment, we also imported a fair bit of it too!

http://www.thejournal.ie/immigrants-bea ... 9-Jun2012/]

Total employment among immigrants has fallen by 40 per cent, against a figure of 10 per cent for Irish people, data in the report from the Integration Centre reveals


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:21 am 
Offline
Of Systemic Importance
User avatar

Joined: Nov 6, 2006
Posts: 7330
Location: Australia
theschmuck wrote:
It won't be a popular choice with certain sections of the media, academia and various quangos, but immigration from non-EU countries to fill up non-skilled positions needs to be cut massively.

http://www.emn.ie/index.jsp?p=128&n=138

There are tens of thousands of €350-€400 a week jobs being filled by Mauritians, Bangladeshis, Turks etc which has the double-whammy effect of both taking a job from a young or low-skilled Irish person and of seeing a good chunk of their wages being remitted overseas instead of spent here.


but what irish person who can get welfare and all its benefits would take those jobs?


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:23 am 
Offline
Under CAB Investigation

Joined: Jun 5, 2008
Posts: 1940
Location: I like Dalkey
If our most educated and skilled are heading for greener pastures it doesn't look good for our pensioners of the future. Hardship awaits.

_________________
.
Housing should be affordable and plentiful.


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:27 am 
Offline
Under CAB Investigation

Joined: Mar 31, 2010
Posts: 2083
Blindjustice BATONEFFECT wrote:
theschmuck wrote:
It won't be a popular choice with certain sections of the media, academia and various quangos, but immigration from non-EU countries to fill up non-skilled positions needs to be cut massively.

http://www.emn.ie/index.jsp?p=128&n=138

There are tens of thousands of €350-€400 a week jobs being filled by Mauritians, Bangladeshis, Turks etc which has the double-whammy effect of both taking a job from a young or low-skilled Irish person and of seeing a good chunk of their wages being remitted overseas instead of spent here.


but what irish person who can get welfare and all its benefits would take those jobs?


I posted in another thread recently commenting on the fact that my daughter who's a student got a summer job in a retail/wholesale place where she said most of the packing staff seemed to be asians. Meanhile, the estate she has to go through to get to work is full of late teen/early twenty-something track-suited wasters hanging around all day and night. Something very wrong about this - €400 a week is not bad money at all for someone with few skills) The generous Welfare State has to be tackled in a radical way - and soon!


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:30 am 
Offline
Planning Tribunal Attendee

Joined: Jun 5, 2008
Posts: 1499
Is their any economy with unemployment >= 14% where property prices have risen on avg over 12 months..
Does property rise when the unemployment figure is in a downward trajectory i.e. -20% -> -16%

Anyone have any details?

_________________
What condition was the property in for each of the properties you are saying the bottom is in for!


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:30 am 
Offline
Of Systemic Importance
User avatar

Joined: Apr 1, 2009
Posts: 5311
Location: Utopia
HiFi wrote:
catbear wrote:
I wonder what it would be without emigration.

...or what it would have been without immigration.

Just as we export a lot of our unemployment, we also imported a fair bit of it too!
Hold on a sec - a lot of these "imported unemployed" went to Ireland to fill jobs.


Top
 Profile  
 
 Post subject: Re: Unemployment rises to 14.9%
PostPosted: Wed Jul 04, 2012 11:36 am 
Offline
Under CAB Investigation

Joined: Mar 31, 2010
Posts: 2083
ex-Patrick wrote:
HiFi wrote:
catbear wrote:
I wonder what it would be without emigration.

...or what it would have been without immigration.

Just as we export a lot of our unemployment, we also imported a fair bit of it too!
Hold on a sec - a lot of these "imported unemployed" went to Ireland to fill jobs.


A lot of them came in to fill low-skilled jobs in the construction and service industries - many of these jobs were the first to go in the downturn. (An Irish unemployed plasterer who goes to Australia, keeps the Unemployment figures down but equally, a Latvian landscaper who is now unemployed and remains in Ireland, keeps those figures up.) Just saying that it's important to include immigration as well as emigration in the equation.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 527 posts ]  Go to page 1, 2, 3, 4, 5 ... 36  Next


Who is online

Users browsing this forum: dipole, Google [Bot] and 8 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to: