Irelands unemployment to hit 14.4% by 2010

[ianash]

How much more punishment do the Irish have to absorb before they withdraw from the Euro? With their budget deficit balloning and unemployment heading northwards, is the Euro just making a bad situation much worse?

http://www.guardian.co.uk/business/feedarticle/843...

[Republik]

Thats shocking. Whats the betting they head over here?

[Jasandjules]

Republik said:

Thats shocking. Whats the betting they head over here?

How high will our unemployment go though?

[Republik]

I've heard figure as much as 8% by 2010. What is it at the moment?

[Fittster]

Republik said:

I've heard figure as much as 8% by 2010. What is it at the moment?

It rather depends which measure of unemployment you use. You don't believe the official government figures do you?

[bitwrx]

ianash said:

How much more punishment do the Irish have to absorb before they withdraw from the Euro? With their budget deficit balloning and unemployment heading northwards, is the Euro just making a bad situation much worse?

http://www.guardian.co.uk/business/feedarticle/843...

Probably. Just like it probably made a good situation better for the last decade.

I'll qualify that by saying I am not an economist.

[ianash]

I wonder if a lot of the call centre work is leaving Eire and heading to the UK. Sterling has depreciated so much against the Euro over the last two years, this must have a big impact on these types of jobs.

[Republik]

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

[Sheets Tabuer]

Is it not just the case and forgive me for this but Ireland was the nearest thing to a third wor;d country in Europe a few years back and so all the call centre and paper jobs moved there.

Since the expansion of the EU these jobs have moved off to states that have taken the Irish crown.

[s2art]

Sheets Tabuer said:

Is it not just the case and forgive me for this but Ireland was the nearest thing to a third wor;d country in Europe a few years back and so all the call centre and paper jobs moved there.

Since the expansion of the EU these jobs have moved off to states that have taken the Irish crown.

Well, that would be Portugal. But sure, Ireland was in the lower tier a few decades ago.

[Newc]

Not just Ireland. Bank of Spain forecasts nearly 20% unemployment there next year:

http://www.guardian.co.uk/business/feedarticle/843...


Independent economist says 20% minimum, and possibly up to 30%.

http://fistfulofeuros.net/afoe/economics-country-b...

[Puggit]

Unemployment in Ireland is 87.5% up on March last year - sobering figures

[ianash]

Republik said:

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

I think you must be referring to the UK as Eire population is only about 4 million.

[nonplussed]

ianash said:

Republik said:

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

I think you must be referring to the UK as Eire population is only about 4 million.

[ianash]

nonplussed said:

ianash said:

Republik said:

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

I think you must be referring to the UK as Eire population is only about 4 million.

Oih, Nonplussed, I live in Bucks, you're not my next door neighbour are you?

[Republik]

ianash said:

Republik said:

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

I think you must be referring to the UK as Eire population is only about 4 million.

I was answering a question above aimed at me about the UK (not Eire) unemployment rate, which I duly answered.

[ianash]

Republik said:

ianash said:

Republik said:

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

I think you must be referring to the UK as Eire population is only about 4 million.

I was answering a question above aimed at me about the UK (not Eire) unemployment rate, which I duly answered.

I guess we were getting our threads crossed. sorry.

[PJ S]

ianash said:

Republik said:

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

I think you must be referring to the UK as Eire population is only about 4 million.

Try 6 million - about 8 million with the North included.

[g_attrill]

PJ S said:

ianash said:

Republik said:

I've no idea who quoted it. I saw a figure of 3.3m unemployed (which I presume is 8% or there abouts.)

I think you must be referring to the UK as Eire population is only about 4 million.

Try 6 million - about 8 million with the North included.

Ireland CSO says 4.4 million estimated April 2008:

http://www.cso.ie/releasespublications/documents/p...

[PJ S]

I stand corrected then - had it in my head it was that level a good few years ago, so presumed the figure would've jumped quite a bit.