The provided chart illustrates changes in the unemployment rate of Ireland as well as the emigration statistics of this country over a span of 20 years, commencing from 1988.
Overall, within a decade the unemployment rate in Ireland reached its peak while the number of emigrants only reached the highest number in a short period of time.
In terms of the unemployment rate, the highest point was recorded in 1988, with approximately 14% of population being unemployed. Subsequently, this rate fluctuated between 8% and 13% from 1989 to 1999. Following this, the percentage of jobless individuals remained stable at around 3% over the next 8 years. Before experiencing an upsurge to 9% towards the end of the observed period.
There was a sharply increase from 40000 to a peak of 80000 individuals departing the country between 1988 and 1989. In the subsequent, this number plummeted to 30000 people then follow a descending trend to a low of 25000 people in 2005. However, the end of the period saw a significant number of migrants, with approximately 50000 individuals opting to leave their country.