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Ireland Unemployment Rate at a 7.5 year high - Irish Job News - News on Jobs for Ireland


Ireland Unemployment Rate at a 7.5 year high

3 February 2008 | Ireland | 11 Responses by paul savage.

Last month the Irish Unemployment rate rose to a 7.5 year high, coming in at just under 5%. The 4.9& figures haven’t been seen since the year 2000. The main reason cited for the higher rate, is the Irish economy’s dependence on the United States as well as the hole in the Irish construction market. Since the mid 1990’s more than 600 American multinationals have setup in Ireland. But with the ever weakening doller/euro rate, companies are finding it harder and harder to keep their operations in Europe afloat. There are now 179,400 people claiming unemployment benefit (this includes part time workers). This figure has risen 14.3% year on year.

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Irish Unemployment Rate 2008

Back in August 2007 we reported that the unemployment rate was at 4.7% and in November this rose further to give an unemployment rate of 4.8% . This begs the question will we see the figure rise over the 5% mark in 2008 ? Let’s keep an eye on the CSO (www.cso.ie).

11 Responses

  1. The Sunday whinge, weakly « Malcolm Redfellow’s Home Service said on 21 Apr 2008 at 5:44 pm

    […] hundred! Wowee! Compare that to next door and the Great Irish Tiger Economy, that example to all of us: Last month the Irish Unemployment rate rose to a 7.5 year high, coming […]

  2. ann said on 19 May 2008 at 2:54 pm

    i have done 4 courses and alot years at school .i am 2 years with no job .i got nothing out oc the celtic tiger.only umemplolyment and it getter worse and not better.

  3. Peter Atkinson said on 4 Sep 2008 at 12:48 am

    Wow and the sheep will still follow the Fianna Fail shepard.Will the people in Ireland ever learn that you are heading straight over the cliff

  4. Luke said on 23 Oct 2008 at 1:29 am

    november 08
    It’s not as bad as the media is making out the retail sector is booming. fact

  5. Alex said on 23 Oct 2008 at 1:37 am

    Id have to agree. Its not at all realistic whats been reported. Ratail jobs are secure according to the stats. Anyone I know in retail are reporting profit. Its not as bad out their its just the lower class that is been affected. Them welfair claiming types who live in council houses. Having welfair b.a.s.t.a.r.d.s that we tax payers pay for. Lay on your back make a sprog and you walk into a council trash house. Classy breed of people.

  6. Tracy said on 20 Nov 2008 at 2:52 pm

    To Alex…. I thought ignorant people like you were disappearing or at least had the cop on to keep those uneducated and socially unaware comments to themselves. Believe it or not life does not give everyone equal opportunities… Yes i agree you will get those who sponge off the system, but a lot of people receiving welfare and those who live in council houses are decent people who just haven’t got a break in life.

  7. Deirdre said on 9 Dec 2008 at 5:08 pm

    the economy is swamped/plundered……railways and mono railways-going nowhere, heritage centres(the crows will be nesting in them in January) arches, castles….waste of money during the celtic tiger by the foot soldiers-ego trips for them, millions spent

  8. Tom said on 13 Mar 2009 at 3:39 am

    The Sh%^ has hit the fan. 500,000 by 2010 they say. Unlikely. Im thinking it to push 600,000. Government wont make the decisions needed. If the IMF get involved, and they might, God help us. Thank God I emigrated 5 years ago.

  9. terry said on 10 May 2009 at 12:12 am

    yes ireland has gone to shit… the goverment are to cause of it.

  10. Pat said on 13 May 2009 at 4:24 am

    Part of me feels sorry for the average Irish person, however I’m very much reminded that like the Yanks who voted in an idiot like Bush twice, WORSE, the Irish, voted in Fianna Fail 3 times, despite knowing the last two times that there was SERIOUS corruption in the party. ARROGANT and GREEDY! Terry above can blame the government, but who put them there? Not a question a lot of people in Irish society would like to answer I think. I’m gone out of it, good luck to ye.

  11. Mary said on 16 Oct 2009 at 5:22 pm

    Everyone is right in some respects. The thing is for young people regardless of education or otherwise to come together and brainstorm how we are to get out of this mess. Make your feelings known, get involved, come up with ideas/solutions and be creative – start a new business of some sort, get your friends to help, pick their brains, seek any support you can get from Enterprise Ireland or some of the colleges, there are great resources out there if you have ideas.

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