Sunday, 9 March 2008
Ireland is going from one extreme to another - Boom to bust!
With so few people now buying property in Ireland, instead waiting to see how much more prices will drop, the whole building scene in Ireland has slowed dramatically.
The Live Register figures for January, just published, by the Central Statistics Office show a continuing increase in unemployment numbers during February. Many of these new unemployed are former Construction Industry workers.
The numbers on Social Welfare, in Ireland, are now highest for the last eight years at 5.2%.
Meanwhile SIPTU has rejected a request by the Construction Industry Federation for a 12-month pay freeze and a 30% cut in entry rates for construction workers. Perhaps this would have helped things?