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Thread: Jobless rate at highest level in four years

  1. #21
    Politics.ie Member CookieMonster's Avatar
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    Quote Originally Posted by FutureTaoiseach
    I think it could be evidence that displacement is taking place.
    It could you know. Elect me and I will make sure that every Irish person who wants to work in Tesco can work in Tesco!
    A poster of some consequence...

  2. #22
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    Quote Originally Posted by Ard-Taoiseach
    Quote Originally Posted by odie1kanobe
    Quote Originally Posted by alonso
    has maths changed since I did the leaving?
    You failed it right !!!

    Here is the example as haven't got the correct numbers

    2 Million employed, 160 unemployed - workforce 2.16M

    Unemployment 7.4%

    78k jobs created, workforce increased by 80k

    2.078m employed - 162 unemployed - workforce 2.24m

    Unemployment 7.2%
    odie1kanobe, you've got it completely wrong. Live register is not, I repeat not unemployment. It is an inaccurate measure which also includes casually emplyed and frictional unemployment which isn't real. The unemplyment ratre drifts between 4 and about 4.8% here in Ireland.
    I was providing an example of why employment rate % would come down if new jobs were created but more people had entered the workforce. My first point was I didn't have correct numbers so everything was guesswork.

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