Tuesday, May 11, 2010

Irish Unemployment

Figures released today by the OECD, show that Ireland has the third highest rate of unemployment within the block. Lower than only Spain and Slovakia, Ireland's rate now stands at 13.2%.

That translates into nearly a tripling of the unemployment rate in just 3 years and is considerably higher than the OECD area rate of 8.7%.

With government machinations to prop up the banking industry being published on a daily basis, it would be a welcome change to hear what nascent plans if any are in place to address the daily struggle that over 13% of the country is now facing.

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