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Emigration keeps Irish unemployment rate down
Emigration keeps Irish unemployment rate down
| Published: | 25 Sep at 9 AM |
The Irish government has published new data which indicates that up to 40,000 people quit the Emerald Isle each year as a result of disheartening employment prospects.
However, analysts have said that such a rate of emigration is among the reasons that the jobless rate is not at an even higher level. The Central Statistics Office revealed that even though fewer people are in employment, to date this year the amount of people available to join the work force has fallen by roughly 30,000.
The majority of sectors in the economy have suffered an increase in unemployment, with administration, construction and finance being majorly impacted. But the Quarterly National Household Survey showed that 6,300 jobs have been created during the past 12 months in the hotel and restaurant industry.
The public sector saw more job cuts than the private sector. There was a fall of 6.3 per cent in available jobs within the public sector compared to a decline of 0.3 per cent in the private sector.
In addition, more of the country’s youth are opting to study until a later age. Roughly one third of those in the 20-24 age group are unemployed. For the 12 months ending June, the number of employed people in Ireland dropped by 33,400. At present 1.78 million people in the country are jobless.
However, analysts have said that such a rate of emigration is among the reasons that the jobless rate is not at an even higher level. The Central Statistics Office revealed that even though fewer people are in employment, to date this year the amount of people available to join the work force has fallen by roughly 30,000.
The majority of sectors in the economy have suffered an increase in unemployment, with administration, construction and finance being majorly impacted. But the Quarterly National Household Survey showed that 6,300 jobs have been created during the past 12 months in the hotel and restaurant industry.
The public sector saw more job cuts than the private sector. There was a fall of 6.3 per cent in available jobs within the public sector compared to a decline of 0.3 per cent in the private sector.
In addition, more of the country’s youth are opting to study until a later age. Roughly one third of those in the 20-24 age group are unemployed. For the 12 months ending June, the number of employed people in Ireland dropped by 33,400. At present 1.78 million people in the country are jobless.
