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30/11/2012
Govt Must Invest In Jobs - SIPTU
The Irish Congress of Trade Unions said that 'no comfort' could be taken from the latest unemployment figures and warned that underlying figures and trends were 'quite chilling'.
Congress Chief Economist Paul Sweeney said the latest figures highlighted the necessity to invest in jobs, in next week's budget.
"The new figures show a tiny fall in the jobless rate, down from 14.9% to 14.8% and nobody could possibly take comfort from that. In addition, when you look beneath the headline data the picture that emerges is quiet chilling.
"Again, we see a further fall in employment and even less people at work in the economy. This downward trend has not altered, which makes it abundantly clear that official policy must change in next week’s budget. It is vital that investment is not cut further but increased," Sweeney said.
"There are also other worrying indicators, such as a male unemployment rate that is some three percentage points above the national rate."
He warned that total investment in the Irish economy is now at the very bottom of the EU 27, below that of Greece.
"Ireland's investment level no longer covers the replacement of capital. It is unheard of in any developed economy - that investment would be allowed to fall to the extraordinary low levels that now pertain in Ireland," he said
"Instead of cutting public investment by €550 million as planned in the Budget, Congress has called for a stimulus of an additional €3bn investment each year for the next three. Congress has outlined where it should be invested and where the capital can be found, in our detailed policy paper Delivering Growth and Jobs," Sweeney concluded.
Congress Chief Economist Paul Sweeney said the latest figures highlighted the necessity to invest in jobs, in next week's budget.
"The new figures show a tiny fall in the jobless rate, down from 14.9% to 14.8% and nobody could possibly take comfort from that. In addition, when you look beneath the headline data the picture that emerges is quiet chilling.
"Again, we see a further fall in employment and even less people at work in the economy. This downward trend has not altered, which makes it abundantly clear that official policy must change in next week’s budget. It is vital that investment is not cut further but increased," Sweeney said.
"There are also other worrying indicators, such as a male unemployment rate that is some three percentage points above the national rate."
He warned that total investment in the Irish economy is now at the very bottom of the EU 27, below that of Greece.
"Ireland's investment level no longer covers the replacement of capital. It is unheard of in any developed economy - that investment would be allowed to fall to the extraordinary low levels that now pertain in Ireland," he said
"Instead of cutting public investment by €550 million as planned in the Budget, Congress has called for a stimulus of an additional €3bn investment each year for the next three. Congress has outlined where it should be invested and where the capital can be found, in our detailed policy paper Delivering Growth and Jobs," Sweeney concluded.
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Unions Say Budget Will Do Nothing For Job Creation
Budget 2013 will do little or nothing for jobs and has penalised working families in order to subsidise business and employers, the Irish Congress of Trade Unions has said. Responding to Budget 2013, Congress General Secretary David Begg said: "The budget could cost us up to 40,000 jobs, due to the ongoing extraction of money from the economy.
Unions Say Budget Will Do Nothing For Job Creation
Budget 2013 will do little or nothing for jobs and has penalised working families in order to subsidise business and employers, the Irish Congress of Trade Unions has said. Responding to Budget 2013, Congress General Secretary David Begg said: "The budget could cost us up to 40,000 jobs, due to the ongoing extraction of money from the economy.
15 February 2017
Unemployment Continues To Fall
Unemployment in Northern Ireland continues to fall, but at a slower rate, according to the latest figures from the Northern Ireland Statistics & Research Agency. The latest Labour Market Statistics show a 0.3% fall in the seasonally adjusted unemployment rate for the period October – December 2016 compared to the previous quarter, and 0.
Unemployment Continues To Fall
Unemployment in Northern Ireland continues to fall, but at a slower rate, according to the latest figures from the Northern Ireland Statistics & Research Agency. The latest Labour Market Statistics show a 0.3% fall in the seasonally adjusted unemployment rate for the period October – December 2016 compared to the previous quarter, and 0.
24 February 2016
Continuing Rise In Employment Welcomed
The latest figures from the Central Statistics Office (CSO) have revealed that employment has risen for the 13th successive quarter and are now at their highest levels since the start of 2009.
Continuing Rise In Employment Welcomed
The latest figures from the Central Statistics Office (CSO) have revealed that employment has risen for the 13th successive quarter and are now at their highest levels since the start of 2009.
11 August 2004
UK employment falls by 53,000
The number of people in employment has fallen by 53,000 over last quarter, according figures released today by the Office of National Statistics (ONS). The ONS study also found that over the last quarter the unemployment rate was up 0.1%, and now stands at 4.8%. The number of unemployed people rose by 27,000 over the quarter.
UK employment falls by 53,000
The number of people in employment has fallen by 53,000 over last quarter, according figures released today by the Office of National Statistics (ONS). The ONS study also found that over the last quarter the unemployment rate was up 0.1%, and now stands at 4.8%. The number of unemployed people rose by 27,000 over the quarter.
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Northern Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
