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Showing posts with the label global economic situation

Ireland Recession - Record Breaking Unemployment - Boom To Bust In 2008!

The end of July reports show... Number signing on Live Register rises by 10,600 The rise in the number of people claiming unemployment benefits over the last year has increased at the fastest rate since records began over 40 years ago. In July, 10,600 people joined the Live Register bringing the seasonally adjusted total signing on to 226,000, on a seasonally adjusted basis, according to figures released by the Central Statistics Office this morning. The monthly increase is the second highest on record after March of this year. The number on the register is the highest in a decade. Last month’s increase lifted the standardised unemployment rate to 5.9 per cent, the CSO said. Over the last 12 months the number of people seeking unemployment benefits has risen by over a third with 63,647 people joining the register. In July 6,700 males and 3,800 females joined the register. Leo Varadkar, Fine Gael enterprise spokesman accused the Government of losing control of a deteriorating economic