Read 'Seven simple steps to a greener office' feature

Irish unemployment reaches 13-year high

2:52pm GMT, Wednesday, 1 July 2009

Irish joblessness reaches a high of nearly half a million people. Irish joblessness reaches a high of nearly half a million people.

The Central Statistics Office of Ireland (CSO) has released its latest figures on standardised unemployment in the country for June, showing an 89.6% rise compared to the same time last year.

The Live Register shows that joblessness hit 418,592 in June 2009, compared to 220,811 in June 2008, nearly doubling to its highest rate since April 1996.

The figure is 11.9% (or 21,721) higher than the total of people claiming jobless benefits for May 2009, which stood at 396,871.

The Irish economy officially went into recession in September 2008, after the CSO announced that gross domestic product (GDP) contracted by 0.5% in the three months to the end of June, the second successive period of negative growth, following a drop of 0.3% in the first quarter of the year.  

The CSO maintain that these figures should not be taken as a true guage of unemployment, which is measured in the Quarterly National Household Survey, of which the latest measured unemployment at 223,400 for the period January – March 2009.

Categories:
Business, World
Keywords:
, , , ,



Subscribe to ICM News

Add to Google Reader or Homepage

eNewsletter signup

Sign up to our free eNewsletter, and receive the headlines direct to your inbox.

Opinion poll

Should broadband be a legal right for every citizen?

View Results

Loading ... Loading ...
Related Links
> Central Statistics Office
    • No results available
    • No results available
Latest news
National Briefing | WEST: California: Rocket Launches With Secret Payload
The largest rocket ever launched from the West Coast blasted off Thursday with a classified defense ...
Read More
German Ifo survey hits 20-year high
Business sentiment of 7,000 companies confounds forecasts of a flat reading to hit highest level sin ...
Read More
NASA’s Stardust Probe Readies for Date with Comet Tempel 1 (Time.com)
Time.com - Stardust’s Valentine’s Day meeting with comet Tempel 1 will be not only a sci ...
Read More
© 2012 The Institute of Commercial Management (ICM), ICM House, Castleman Way, Ringwood, Hampshire, BH24 3BA, UK