Please leave a comment if you would like to adopt this blog. I moved to Squidoo.
DUBLIN (Dow Jones)--Irish unemployment grew at a slightly slower pace in June, to a total of 413,500, as the live register for benefit payments rose again, bringing unemployment in the country to 11.9% in June.
With the rapid slowdown in the construction industry, the number of people signing on to the live register on an unadjusted basis rose 2.8% on the month to 413,500 in June, the central statistics office said.
Unemployment amongst immigrants from eastern Europe is now at 20%, double the rate for Irish nationals, and for every eastern European worker who has joined the dole queue over the last 12 months, almost two have emigrated.
"It is encouraging to note that the pace of decline in the live register has moderated in each of the last six months from a high of over 33,000 in January," said NCB Stockbrokers chief economist Brian Devine.
"Once again this is further evidence that the worst of the declines are behind us but that with such a sharp rise in unemployment and taxes the recovery in Ireland is going to lag someway behind the global recovery," he added.
The live register includes part-time workers and casual workers entitled to unemployment assistance or benefits. Official unemployment is measured by the Quarterly National Household Survey.
-By Quentin Fottrell, Dow Jones Newswires; +353-1-676-2189; quentin.fottrell@dowjones.com
(END) Dow Jones Newswires
Source: Click here
With the rapid slowdown in the construction industry, the number of people signing on to the live register on an unadjusted basis rose 2.8% on the month to 413,500 in June, the central statistics office said.
Unemployment amongst immigrants from eastern Europe is now at 20%, double the rate for Irish nationals, and for every eastern European worker who has joined the dole queue over the last 12 months, almost two have emigrated.
"It is encouraging to note that the pace of decline in the live register has moderated in each of the last six months from a high of over 33,000 in January," said NCB Stockbrokers chief economist Brian Devine.
"Once again this is further evidence that the worst of the declines are behind us but that with such a sharp rise in unemployment and taxes the recovery in Ireland is going to lag someway behind the global recovery," he added.
The live register includes part-time workers and casual workers entitled to unemployment assistance or benefits. Official unemployment is measured by the Quarterly National Household Survey.
-By Quentin Fottrell, Dow Jones Newswires; +353-1-676-2189; quentin.fottrell@dowjones.com
(END) Dow Jones Newswires
Source: Click here
