Vincent Vega
Rock n' Roll Doggie ALL ACCESS
Unemployment statistics are always fashioned in a way that suits the government fine, but hides a lot of the real unemployment. The US is no exception there.
Having the two figures, 10% in the US and 14% in Ireland, also doesn't tell you that much to be honest. You can't tell how accurate the statistics are. You cannot see the kind of unemployment which comprises most of what is covered in the statstics. For example, how much is frictional unemployment, and how much is structural unemployment, etc.
And the way the two countries measure unemployment is very different. So what does it mean that Ireland has 14% unemployment rate currently and the US just 10%. Where is real unemployment, meaning how much is hidden and therefore not represented in the statistics? How much is structural?
Also, employment itself is very different in the countries. While the US has a huge population of the so called working poor, and others who work two or three jobs just to makes ends meet, to my knowledge these phenomena hardly, at least much less exist in Ireland.
I further read that Ireland is now saying that it may well take help from the uncivilized continent.
Having the two figures, 10% in the US and 14% in Ireland, also doesn't tell you that much to be honest. You can't tell how accurate the statistics are. You cannot see the kind of unemployment which comprises most of what is covered in the statstics. For example, how much is frictional unemployment, and how much is structural unemployment, etc.
And the way the two countries measure unemployment is very different. So what does it mean that Ireland has 14% unemployment rate currently and the US just 10%. Where is real unemployment, meaning how much is hidden and therefore not represented in the statistics? How much is structural?
Also, employment itself is very different in the countries. While the US has a huge population of the so called working poor, and others who work two or three jobs just to makes ends meet, to my knowledge these phenomena hardly, at least much less exist in Ireland.
I further read that Ireland is now saying that it may well take help from the uncivilized continent.