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I can't forsee other countries still seeing unemployment rising at the end of 2010. Ireland is clearly going to be hit worse off than almost all developed countries.Quote:
Originally Posted by cfdh_edmundo
I feel lucky that almost all my employers business is international. Worst hit jobs in Ireland will be retail & services as 17% unemployment suggests the money won't be there to support them.
ESRI figures are as accurate as the government's. They keep changing all the time. The % figure could end up anything.
Cowen's response to the situation in Leaders Questions this morning, was the same as usual. All about the public finances, and about how many people will lose a miserly few Euro in the income levy from Friday. :mad: Shameful.
For the record, the numbers stand at 388,000. Only 13k since 4 weeks ago, but it's a charade figure, they shouldn't have been released until next week when a truer pattern would have emerged.
34k have joined the dole since March 4th, and have no income at all now.
Dell start laying off this Friday and then in batches after that. I know there are a good few going in four weeks time as well.
Will have terrible effect on the local economy down here.
Exactly. I have no idea what all those thousands who relied on construction industry are going to do.Quote:
Originally Posted by Royal rover
Will Germany/UK/France be underaking any major infrastructure projects? I'd doubt it but Ireland is one of the youngest nations in Europe and most countries have ageing populations so maby this could be a niche for us if things get really bad and we don't recover in the near future or even show signs of recovery.
Social Welfare bill passed in the Senate tonight, awaiting McAleese's signature before it comes into force.
The €102 U-20 rate becomes active to all those new claimants who fall in the criteria from Friday, ironically called "Labour Day". :rolleyes:
Thread started here a year ago, with under 200k signing on. Will it be 600k this time next year?
Dole is too generous, says top jobs expert
Hard to say the money is too much.( i'm thinking of a guy with a family who's worked all his life), not the no hopers who see it as a career. The fact that wages are dropping is more the issue.Quote:
Alan Barrett of the ESRI will present evidence to today's conference showing that about half the immigrants who lost their jobs have stayed in Ireland.
Dr Barrett speculates that many will continue to live in Ireland because of the lack of opportunities elsewhere.
"The international experience suggests that immigration is viewed most positively when immigrants are seen as meeting the needs of the labour market. A rising stock of unemployed immigrants might lead to a less favourable attitude," Dr Barrett says.
I think the problem is that with unemployment rising that means social welfare bill increases, with less people working tax take is lower. If you continue to increase taxes to make up the shortfall that depresses the economy further. No matter how much some earns i think if tax rate goes past 50% that would be a disaster. We can borrow in the shot term but soon that won't be viable anymore.Quote:
Originally Posted by Ringo
If ESRI predictions are correct I can see the state offering free plane/boat tickets to encourage emigration.
agree anyone with a family needs it, the problem is if there's say a lad of 23 getting 200 a week - and the opportunity of doing the odd job here or there , and lives with the parents, really in the short term he's got enough for a few pints, the reality is your not going to be to bothered about not working in the short term- there's no real incentive to get off the dole, it's a very different scenario for a guy at 33 - with much more responsibility, i don't think it's right and the government will need to do something, i know lads my own age who haven't worked for 4 or 5 months but still spend the weekend in the pub, they do cash jobs during the week plus the the dole there still earning 400-500, i think the whole think needs to be changed , understandbly everyone's circumstances are different and i understand that there are large numbers of people who want to work.Quote:
Originally Posted by Ringo
For anyone been laid off, there is no worse week of the year to lose a job than this week. After the June bank holiday weekend, there are very few jobs available between then and the end of August. Recruitment companies may as well go on a 3-month siesta, while those out of work have to endure another 3 months of financial hardship.
Close on 700 being laid of by Dell this week so these on top of students signing back on will make for interesting reading.
http://www.rte.ie/business/2009/0605/jobless.html
Despite the official figure standing at 396,000+, the economists are delirious at the realisation, that 3,000 people lost their jobs per week last month.
I don't know about you, but I don't think that is anything to celebrate about. :mad:
Well if you expect 5,000 a week to lose their job, and 3,000 do, its obviously a better situation.
I've yet to read anyone say it was something to celebrate
3,000 per week is 3,000 too many.
In RTE's supplementary link, there is an audio report at the bottom with David Murphy, who lets us know how happy economists are with the governments economic policies. A reduction, not an increase in the live register is something to celebrate, the fact that those economic policies have contributed in part to the increase appears not to be recognised. :rolleyes:
Any declaration of a reduction in the numbers signing on is an illusion, as we're coming into the summer, where there is always considerably more added to the dole. 200,000 have signed on in the past 12 months.
mypost, you come up with some fairly ridiculous observations on current affairs, but that's the best yet. It's very nearly in Walter Mitty territory.
Don't be infantile. Adopt a realistic understanding of a very serious problem. If we're to see numbers in employment increasing again then the numbers of people becoming unemployed must first reduce and then halt. I don't think we're near that yet but less people becoming unemployed is a good thing. There will be no magic solution that sees a jump from 5,000 unemployed one month to 5,000 being employed the next.Quote:
Originally Posted by mypost
In this case, we're talking per week, as it's a rough breakdown of the monthly figure, which is still a lot of people.Quote:
Originally Posted by Poor Student
Any "reduction" is an illusion, as during the summer the numbers increase, so the current reduction is not a sign of the effectiveness of the government's economic policies, it's merely the calm before the storm.
11.9% unemployment for June
http://news.bbc.co.uk/2/hi/business/8128510.stm
Quote:
The number of people claiming jobless benefits has almost doubled in the past year to 418,592.
In June, 21,721 more people were claiming unemployment benefits than had been in May.
CSOQuote:
Originally Posted by Reality Bites
5.4% 12 months ago.
I believe this rate also includes people who are part-time but receive some form of unemployment payment & those unavailable for work? What is the name of the survey for fulltime unemployed people seeking employment?