Category: Asset 5Business

Rise in Irish jobless

December 7, 2011

By Staff Reporter

The unemployment rate in Ireland rose in November. The number of people on the so-called “Live Register” increased by 1,700 in November.

The jobless rate in percentage terms reached 14.5 percent as measured by the government’s Central Statistics Office.

The consistently high rate of unemployment is expected to lead to another surge in emigration in 2012. This will be fueled in considerable part by economic growth that will be even more anemic than previously forecast.

The Economics and Social Research Institute, a think tank, is consequently predicting that 40,000 people will leave Ireland in 2012, a 5,000 rise on the number who will have quit the Republic by the end of this year.

The ESRI is also figuring on an unemployment rate that will remain around the current 14.5 percent level. This, however, implies fewer people actually in work once emigration is factored in.


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