Theories of Unemployment

Topics: Employment, Unemployment, Minimum wage Pages: 3 (1214 words) Published: April 15, 2013
Theories of Unemployment:
The article that I took was from the Irish Independent which was printed on the Wednesday 2nd February 2011. 5,700 more jobless signing on
The number of people signing on for benefits increased by more than 5,700 in the last 12 months, official figures revealed today. There were 442,677 people on the dole in January, taking the unemployment rate to 13.4pc - a slight fall on the previous month. Separate figures compiled by the Government revealed there were 4,893 redundancies in January. Labour enterprise spokesman Willie Penrose said more than 400,000 people have been on the dole for 20 months. "Everyone knows that the figure would be even higher, were it not for the phenomenon of resumed emigration," he said. "Nothing summarises the dismal failure of this Government as much as their record on unemployment." The Live Register - which recorded a fall of 6,900 people signing on last month alone, according to new measurements of seasonal factors - has seen its smallest overall increase for January in three years. Avine McNally, director of the Small Firms Association, said it appeared the unemployment crisis has stabilised. "Small firms are the 'engines of recovery' and real and meaningful growth will come from the small business sector, but that is unlikely to happen for some time yet, as many firms are struggling to survive, due to cashflow difficulties, input costs from Government-administered sectors, and restricted access to credit," she said. Umbrella trade union group Congress said the harsh fact was that the true number of people signing on increased by thousands last month. Paul Sweeney, the group's economic adviser, said: "The cold fact is that that there are a frightening 273,000 less people at work today in Ireland compared to 2007. Furthermore, net emigration will be over 60,000 this year. "Jobs are the biggest challenge for any new Government."

Youth Work Ireland, which represents 22 voluntary youth groups, said...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Unemployment Essay
  • Unemployment Essay
  • Essay on Introduction to Search Theory of Unemployment
  • Unemployment in Vietnam
  • Unemployment Essay
  • unemployment Essay
  • Unemployment Essay
  • Unemployment Essay

Become a StudyMode Member

Sign Up - It's Free