Box 14: Labour Market Entry/Exit Ratios

Box 14: Labour Market Entry/Exit Ratios

The accompanying graph shows the outcome of the changing numbers of labour market entrants to exits depicted in Box 13; here we see the ratio of the two age groups (15-24 / 55-64 years), which is currently just on 1.0 (or 10 entrants for every 10 exits), having fallen from 2.0 (or 20 entrants for every ten exits in 1971).

The ratio is projected to decline to around 0.84 (or eight entrants for every ten exits) over the next decade. Except for returning to almost 1.0 in the mid- to late-2030s, the ratio is expected to remain negative for the forseeable future.

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