Hopefully thats going to form a plateau and then a downward trend . . . . . . of course its meaningless if it does and the reasons are because of emigration and the negative effects that would have on demand in the economy.
Went through some statistics from the CSO. Its clear we will lose a generation if this thing doesnt turn around quickly. Firstly the under 25 unemployment rate is massive, even the under 35 rate is shocking. The male unemployment rate is higher, almost double than women in some age groups. We already knew something like 1 in 8 men worked in the construction sector so not surprising men are hit harder then.
Implications of this…possibly lower birth rates? Or an unexpected jump in birth rates as one parent being unemployed can stay at home? Any conjectures ye might have are relevant as everyday it seems its a billion here or a billion there out from the pension reserve fund…
Its mostly men who a leaving the country
cso.ie/releasespublications/ … popmig.pdf
As well as having more female migrants, (I dont believe this was the case during the tiger years though Im open to correction), we are losing far more men than women. A deficit of 14,000 males on the male/female ratio per annum. Will obviously effect headship rates as its not too far of a logical stretch to say the migrants are of the ages with the highest unemployment rates. So this is a negative for birth rates for sure.