Unemployment in Ireland 2010

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Unemployment in Ireland 2010

The rate of unemployment in Ireland has continued to rise since 2008 and the country has risen from having the second lowest unemployment rate to the second highest within the European Union countries in two years (Keenan , 2009 . As a reflection of the sudden end of the building boom , Ireland has experienced a higher rate of joblessness than other countries in the Euro zone . According to statistics released in 2009 Ireland , which had an 85 percent unemployment rate increase , was

br followed closely by Spain and USA with 64 and 62 percent increase rate respectively

Currently , Ireland 's rate of unemployment has risen to 13 .4 percent as compared to the 13 .2 percent rate in May this year . This is the highest unemployment rate that the country has experienced in a period of 16 years . Furthermore , the number of people seeking unemployment benefits has increased with 3 .4 percent since May bringing the total to 452 ,882 including the 79 ,239 people who are in casual or part-time jobs but qualified for welfare (Pogatchnik , 2010 . The unemployment rate has continued to increase despite the fact this export-driven country has resumed growth . Nonetheless , during the first quarter of the year Ireland experienced an increase in the output of both the service and production sectors which recorded 1 .2 and 1 .5 percent increase respectively ( Latest Labour Market , 2010

Even with the increase in the service and production sectors , Ireland 's economic growth...