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Ireland’s Unemployment Rate at 4.8% - Irish Job News - News on Jobs for Ireland

Ireland’s Unemployment Rate at 4.8%

6 November 2007 | Ireland | 4 Responses by paul savage.

Earlier this year we reported that the Irish unemployment rate was hovering around 4.6%, well now it has increased even more and has hit a 4 year high. Currently the rate stands at 4.8%, which was announced by the Central Statistics Office today, the report said the number of people claiming unemployment benefits has risen by 9,000 this year to 164,700, among them about 18,500 people who are working part-time or in casual jobs. They noted that Ireland’s unemployment rate has been gradually building since its recent low point of 4.2 percent, reached in October 2006. The last time figures were so high was in July 2003, but economists expect that the current trend will continue and is predicted to reach 5.5% in 2008. The main reason for the high rate is due to the low public confidence in the Irish economy. Alan McQuaid of Bloxham Stockbrokers, said the air of pessimism was unjustified, and that growth in the economy next year is predicted.

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The current average European unemployment rate is 7.3 percent, and Ireland is still well below countries like Germany.

4 Responses

  1. A Germans perspective said on 8 Dec 2007 at 9:53 am

    Like the comparison to Germany! The Germans calculate the unemployment differently (e.g. single mothers, people on work sceems, …, everyone on state benefits is included) therefore, the figure is higher than the qeuivalent Irish figure.
    Also Germany does not need to spend the same GPP % on builidung infrastruture and public services as it already is in place and only needs maintaining.

  2. carmel garvey said on 1 May 2009 at 8:52 pm

    updaste your figures please the unemployment rate has doubled since this reprt and is rising

  3. fdsdaf said on 18 Jul 2009 at 5:04 pm

    lmfao, if we had that now we would be fucking delighted!

  4. mark teahan said on 22 Jul 2009 at 1:23 pm

    irelands unemployment rate is out of control rising to 20% next year so forget about recovery in 2011 it wont happen until 2015 at least

Comments are closed.