Ireland unemployment record increase... whats happening???

Question

now up to 5.5%....

http://www.rte.ie/business/2008/0404/jobless.html

Answer 1

idk

Answer 2

its part of the global economic downturn, started in the US, now hitting the UK, and I'm sure it will affect us soon.  But as already stated its hit the building industry first.  The market is correcting itself.

A lot of our investment comes from US companies, who are feeling the strain with the weakening dollar and their own troubled economy.  Added to the fact you can get anything made half the price in some parts of Asia most US, and European companies are re-deploying their manufacturing business to that part of the world, as Ireland, like most EU countries is an expensive place to hire staff.

Answer 3

You obviously don't remember the 80's , it's just a correction , no economy grows forever, are you out of a job yet, nobody i know has lost there job yet, stop PANICKING

Answer 4

Not only Ireland, but Britain, France under Sarcoma, and of course the US - the 'neoliberal' economic extreme right's house of cards is collapsing.  This is only the beginning, too.

We all have to ditch them, their economics and their politics - Fianna Fail, PD, Fine Gael, New Labour and the other Tories, Republicans, ULM, the lot.

Socialism is the only way to stability, sustainability and social justice.

Answer 5

i feel its because they get in cheap foreign workers if you pass any building site you will not hear any irish accents.this also goes for alot of other jobs too shop workers,bar trade,security to name but a few

Answer 6

I'd say it's got to do with the building trade being on the downturn.

Answer 7

Its part of the collapse down south. People are leaving, no one  wants to invest there. Not looking good in the south. Up north, the British part,  its just a continual boom.

Answer 8

because of the building trade...my boyf just got let go recently

Answer 9

deffinatley because of the building trade slowing down my hubby is deffinatley feeling the slow down and alot of his friends are,they blame it on the foreigners coming over with the cheap labour,he knows lads that have had to go to england for work ,when my hubby went to see his accountant he told him he had had grown men in his office that week crying as things had got so bad ,bye bye celtic tiger