May 24, 2013

Irish are Fleeing Ireland at a Record Rate

According to Emigrate.co.uk, Irish nationals are leaving their country at a record rate.

From the article they posted:

Every day, it seems like more and more people continue to leave Ireland. In fact, Irish emigration rose to its highest level since the 19th century in the year through April. Most of this has to do with the weak economy. People are unable to find the work that they need to support their families in Ireland, and thus they have to look elsewhere.

According to the Central Statistics Office in Dublin, about 76,400 people have left Ireland during the year through April. Only about 42,300 people moved to Ireland. This means that Ireland had a net outflow of 34,100. The only good news is that this net outflow figure fell from 34,500 a year earlier. Either way, that is two straight years that Ireland has seen a big outflow of people.

Overall, Ireland’s economy has dropped 15 percent since 2007. On top of that, unemployment has tripled. The jobless rate has risen to 14.2 percent in the second quarter. This is up from the 13.9 percent that was seen in the first quarter.

Mark Fielding, who is the chief executive office of Dublin, said that the number of long-term unemployment continues to grow. This is creating a very big problem for Ireland. The younger generations are looking for work in other countries. This could put Ireland in a rough spot later down the road.

Overall, Irish payrolls have dropped by an annual 2 percent to just 1.821 million people in the second quarter. At the rate things are going, Ireland does not expect its numbers to improve anytime soon.

Source.

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