Thursday, January 9, 2014

Nearly 1 in 4 young people unemployed in Ireland.

By CCTV correspondent Lourda Sexton
Figures released by the European Union show unemployment in the 28-nation trading bloc remains stubbornly in double-digits - a record high. One of the EU countries struggling with unemployment is Ireland. Nearly one out of every four young people there can’t find work.

After enduring five years of austerity budgets, Ireland added a lot of jobs in 2013, economists say unemployment still remains too high.

Young people are the hardest hit in Ireland. With nearly one out of every four Irish young people out of work, many have elected to migrate instead.


Others are using job and training centers like this one in the hope that it will help.

Ruchama is one of many young Irish people who can’t find a job. She’s been looking since she left school last June. She says companies keep rejecting her applications, because she lacks work experience.

In 2012, multinational companies invested heavily in Ireland creating around 7,000 net new jobs.

While Irish youth unemployment has fallen by more than four percent from the same month a year ago, it remains so stubbornly high at round 25 percent that Irish officials have expressed concern that migration by the country’s school leavers threatens the long-term recovery of Ireland’s economy.

While employment grew over 3 percent last year and unemployment still remains too high, at over 12 percent. Economists here say they expect little change in these figures in 2014, and stress that young people will again remain to be the one suffered.
cntv.cn
9/1/14
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2 comments:

  1. Statistics Canada says 45,900 jobs lost in December, unemployment rate rises....

    OTTAWA -- The Canadian economy lost a surprising 45,900 jobs in December and the unemployment rate rose unexpectedly as more people searched for work, Statistics Canada said Friday.

    Canada's national unemployment rate rose to 7.2 per cent for the final month of the year, compared with 6.9 per cent in November.

    The December drop was led by a decline in full-time jobs, which fell by roughly 60,000. That loss was offset in part by a gain of 14,200 part-time jobs.

    Economists had expected the economy to add 14,600 jobs and the unemployment rate to hold steady at 6.9 per cent, according to estimates compiled by Thomson Reuters.

    The loonie fell half a cent to 91.65 cents US, its lowest level since September 2009, following the jobs report.

    TD Bank senior economist Sonya Gulati said the labour market ended 2013 on a very soft note, in three ways.

    "Not only was the headline contraction in December sizable, but the losses were broad-based across industries and exclusively seen in full-time positions," Gulati wrote in a report.

    The loss for the month brought the total job gains for 2013 to 102,000, the slowest annual pace since 2009...... http://www.ctvnews.ca/canada/statistics-canada-says-45-900-jobs-lost-in-december-unemployment-rate-rises-1.1633133#ixzz2q0mOOuw8


    ReplyDelete
  2. Bad news vom US-Arbeitsmarkt: Zwar ist die Arbeitslosenquote gesunken, doch wurden wenige neue Stellen geschaffen.....

    Auf dem US-Arbeitsmarkt sind im Dezember überraschend wenige neue Stellen geschaffen worden. Es entstanden nur 74.000 Jobs, wie das Arbeitsministerium am Freitag mitteilte. Das ist der niedrigste monatliche Zuwachs seit Anfang 2011. Ökonomen hatten mit 196.000 Stellen gerechnet.

    Die separat erhobene Arbeitslosenquote fiel jedoch auf 6,7 Prozent. Das ist der niedrigste Wert seit Oktober 2008. Der starke Rückgang der Arbeitslosenquote hängt nach Angaben aus Washington zum großen Teil damit zusammen, dass sich weniger Menschen als bisher arbeitssuchend gemeldet haben. Viele haben laut Experten die Jobsuche aufgegeben.

    Die Notenbank Fed hatte jüngst ihre monatlichen Geldspritzen um 10 auf 75 Milliarden Dollar (55 Milliarden Euro) gedrosselt und damit auf die Erholung am Arbeitsmarkt reagiert. Ende des Monats ergibt sich für die Fed die nächste Gelegenheit zum Eindämmen der Geldflut, die die Börsen weltweit seit langem antreibt...............http://kurier.at/wirtschaft/wirtschaftspolitik/bad-news-vom-us-arbeitsmarkt/45.175.067
    10/1/14

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